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Why Oracle EBS Integration with AP Automation Matters?

June 22 @ 2:00 PM - 3:00 PM

Register Today: https://www.intellichief.com/why-oracle-ebs-matters/

It is no surprise that many companies’ A/P processes are still manual (or mostly manual) and paper-intensive, resulting in major economic consequences for the bottom line. Without a real-time integration with Oracle E-Business Suite (EBS), companies struggle with the challenges of receiving invoices, constantly checking their ERP to see if the goods have been received, matching them against purchase orders (POs) and coding the appropriate general ledger (GL). The lack of an integrated ERP with intelligent AP automation ultimately leads to bigger business challenges associated with accruals for financial closing and lack of visibility into corporate spending. Sometimes it just comes down to the hard and soft dollars – without a deep integration to EBS, the average time* to process an invoice is 10.9 days and costs $10.18 to process a single invoice.

 

With this deep integration to EBS, you should be able to extract the relevant data from your A/P process and connect it with EBS to speed up invoice processing and get a better handle on your corporate spending and fluctuating cash position. Companies can significantly cut their costs and process invoices faster by more than 80+%. According to Ardent Partners, best-in-class organizations leverage the power of intelligent AP automation and improve efficiency and productivity with 2.2 times higher rate of straight-through processing (STP) and a 60% lower invoice exception rate with advanced manual processing tools.

 

During this presentation, IntelliChief will show how tight integration with Oracle EBS can transform accounts payable processes through automation. Learn how your organization can:

  • Leverage your Oracle E-Business Suite (EBS) to improve your overall cash flow
    • Understand the importance of a formal productized integration for Oracle EBS
    • Integration enhancements – how they are handled with your vendor
    • Consider if the Oracle EBS integration works upon installation or if there is more IT support required to get you up and running

As a result of the deep integration with EBS, you will be able to:

  • Minimize the time and effort it takes to process invoices
  • Eliminate manual data entry and associated errors
  • Avoid rework from having to rekey or reprocess invoices
  • Simplify exception processing when invoices aren’t matched to POs or aren’t coded correctly
  • Improve vendor relationships
  • Optimize payment terms
  • Increase visibility throughout the A/P process

Details

Date:
June 22
Time:
2:00 PM - 3:00 PM
Event Category:
Website:
https://www.intellichief.com/why-oracle-ebs-matters/

Venue

Your Desk

Organizer

IntelliChief
Phone
508-594-2800
Email
smcconnell@intellichief.com

Details

Date:
June 22
Time:
2:00 PM - 3:00 PM
Event Category:
Website:
https://www.intellichief.com/why-oracle-ebs-matters/

Venue

Your Desk

Organizer

IntelliChief
Phone
508-594-2800
Email
smcconnell@intellichief.com