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AP Automation Justification Calculator for JD Edwards

Tim Nissen | AP Automation Justification Calculator for JD Edwards.

Determining if AP automation is a project worth pursuing is primarily based on projected cost savings achievement. This is both a post-installation, near-term consideration, and one spanning subsequent fiscal year projections. While there are many industry average figures in circulation, they don’t provide you accuracy based on your specific business environment.

What’s needed is an AP Automation Justification Calculator for JD Edwards.

IntelliChief has created one, and it’s comprehensive. This tool’s objective is factoring all cost savings related to moving from manual to automated processing in your environment. It encompasses all aspects of AP processing, allowing you to add your related costs from years’ 1-5 of implementation, providing a true ROI projection. With this data, you’re able to see where AP Automation’s efficiencies affect your organization, providing guidance for process automation optimization when mapping your automated workflow, in-tandem with ECM system integration with your JD Edwards ERP for vendor and order information verifications and validations.

The AP Automation Justification Calculator for JD Edwards sections encompass:

AP Statistics & Measurements – Covering aspects of invoice receipt modes, quantities, data capture methods, resource/storage/labor cost (internal and outsourced), late payment fees paid and early pay discounts available.

Hard Dollar Costs – Quantifying budget allocated to manual processing.

Time Spent Per Person – Assessing appropriated time and cost of employee and contract staff in processing tasks, including invoice printing, ERP/business system keying, approval routing, exception handling, calculating data conversions, filing, resolving duplicate payments, researching internal and vendor inquires, audit preparation, tracking and reporting on all activities.

These extend from Accounts Payable into Purchasing and Receiving, encompassing labor cost of all workflow routes of transactional documentation.

Once these figures are collected and entered, the Calculator progresses to both Hard Dollar Savings/Gains and Efficiency Savings for each year 1-5, per line item allocation, comparing your current costs to automation’s. This is the awakening – do the numbers equate value of AP Automation for you?

Then calculations shift to ROI for AP Automation, measuring years’ 1-5’s returns if you implement an automated environment.

With these calculations completed, the AP Automation project decision becomes a clear choice, and equitable for prioritization. The data accumulated will be foundational for your business case.

 

  • For a video overview, see AP Automation Justification Calculator for JD Edwards here.

 

Doing JDE AP Automation the Integrated Way

Tim Nissen | Doing JDE AP Automation the Integrated Way.

Here’s how doing JDE AP Automation the integrated way works, processing of 2-way matching (Invoice to PO) and 3-way matching (Invoice to PO to Receiver) with JD Edwards EnterpriseOne and World.

Utilizing Oracle Gold Partner and Quest Oracle Community Sponsor IntelliChief ECM’s system, processing occurs in both initial document capture and in workflow, providing real time integrated JD Edwards database validations with automation’s speed and accuracy.

In-tandem with IntelliChief, information from JD Edwards is utilized to perform matching. IntelliChief keeps track of the PO quantity open and the Receiving quantity available by saving needed information when an Invoice line item is matched to a PO/Receiver. This can be set to identify by PO Number, Item Number/ID, Unit Price, Line Total, PO Quantity Ordered, Receiving Quantity, or two Miscellaneous fields of the user’s choice.

IntelliChief includes multiple Match Methods, where receiving quantity qualifies exact match, based on first in, first used, or a combination of both. It includes options for a Variance percent, amount and type for the Invoice to PO fields (Unit Price, Line Total, Quantity).

Matching features of Unit of Measure and Price normalization capability simplifies processing of standardized orders (Ordering Quantity vs. Invoiced Quantity). Part Number cross-referencing increases accuracy when obsolete numbers are referenced in the Invoice. Both increase touchless processing.

With IntelliChief, this touchless, straight-through processing significantly reduces information keying into JD Edwards, saving time and cost, enabling visibility to receive early payment discounts, while avoiding late payment fees.

This presentation illustrates doing JDE AP Automation the integrated way: //bit.ly/2XK0RI8.

IntelliChief Presenting at Oracle Quest COLLABORATE 19

IntelliChief will be presenting at Oracle Quest COLLABORATE 19.

Our team will be presenting Oracle Advancing AP and Order Automation Abilities. Come learn how to:

About Oracle Quest Collaborate 19

COLLABORATE is an international congregation of JD Edwards, PeopleSoft and E-Business Suite users.

This year’s event will be held from April 7-11, 2019 in San Antonio, TX.

We will be presenting on Wednesday, April 10th, from 2:00 pm – 3:00 pm in Grand Hyatt Bonham E. We will also be holding demonstrations and discussions in the Exhibit Section, Booth 237.

Justifying the Cost of an AP Automation Project for JD Edwards

How can you tell if AP automation makes sense for your business? To determine the financial impact that a project can have on your bottom line, you’ll need to consider:

IntelliChief can help you determine if these potential savings add up to a compelling ROI. On March 20, 2019, we’ll walk you through things you may not have considered – both in terms of up-front costs and long-term savings – and provide real-world financial stories from other JD Edwards customers.

Can’t make it? We can still help you calculate the ROI of an AP automation project; contact us today, and we’ll help you run the numbers.

IntelliChief Presenting at 2019 JD Edwards Southern California User Group Meeting

IntelliChief will be presenting at the JD Edwards Southern California User Group (SCUG) meeting on March 27th , 2019. The event will be held at Knott’s Berry Farm Hotel in Buena Park, CA. Come for the expert insights, stay for the roller coaster rides!

You’ll be able to:

JD Edwards Advancing AP and Order Automation Abilities will show you to automatically validate your JDE-based data and create custom workflows that match your company’s specific processes. The result? Reduced operating costs, more accurate order processing, a lower DSO, and increased visibility into your reviews and approvals.

Unable to attend? Contact IntelliChief to learn more about our solutions for JDE.

Oracle Presenting at 2019 Southeastern Regional User Group

IntelliChief, an Oracle Gold Partner, will be presenting at the 2019 Oracle Southeastern Regional Users Group.

The meeting is scheduled for March 14th at MATRIX Resources in Atlanta.

Our presentation, Oracle Advancing AP and Order Automation Abilities, will show JD Edwards and PeopleSoft users how to:

We hope you see you there.

See IntelliChief at the JD Edwards Houston User Group on March 26th, 2019

IntelliChief will be presenting at the JD Edwards Houston Users Group on March 26, 2019.

Join us at the Hess Club to learn what’s new in the fields of:

Document capture and indexing:

Accounts Payable automation:

Sales Order automation:

We hope to see you there!

Automated Customer Service (And Not in the Way You Think)

Your customer service team has to respond to requests on a daily basis. Do they have the information they need to quickly (and accurately) serve your customers?

With automated document management, your Customer Service reps can instantly access any order-related document, directly from JD Edwards. With each customer’s account information readily visible, they can locate everything from open orders to previous maintenance requests. This lets them provide a higher, more responsive level of service – and helps you create stronger customer relationships.

Automatically Capturing and Storing Customer Information

IntelliChief’s ECM software helps you bring Robotic Process Automation (RPA) and Artificial Intelligence (AI) capabilities to your customer service department. You can:

Your most important information is accessible in seconds, and your Customer Service team can spend less time on repetitive day-to-day processes.

Learn more in our on-demand presentation: Adding Robotics to Your JD Edwards-Powered Customer Service Team. 

Live at RMOUG Training Days: Orders Automation for JD Edwards, PeopleSoft

IntelliChief, an Oracle Gold Partner, will be presenting at RMOUG Training Days. We’ll be hosting Order Automation for JD Edwards and PeopleSoft, an in-depth discussion about:

You’ll learn how you can reduce your processing time, increase accuracy, and improve customer satisfaction – all through a single integrated solution.

We’ll also be on-site at the expo center, providing real-world advice and one-on-one recommendations for Oracle automation.

About RMOUG Training Days

Oracle’s RMOUG Training Days provides EBS, PeopleSoft, and JD Edwards users with the latest strategies for using their enterprise resource planning systems more efficiently.

This year’s event will be held from  February 19-21, 2019 at The Westin Westminster Hotel in Denver.

AP Automation Robotics for JD Edwards – Humans and Machines Together

Tim Nissen | AP Automation Robotics for JD Edwards – Humans and Machines Together.

There are business applications where people and mechanical systems work well together. Accounts Payable is one of them. Automating processing has numerous advantages, though AP professionals are the ones who dictate success, from mapping and optimizing process procedures to best suit their organization, to ensuring automation’s success by monitoring and interacting with systems to maximize accuracy.

Enterprise Content Management systems (ECM) create the environment of AP automation robotics for JD Edwards – humans and machines together. It encompasses Robotic Process Automation (RPA) and Artificial Intelligence (AI) – tools industry analysts are seeing reduce invoice processing cost and cycle time by over 75%.

IntelliChief ECM automates the capture of AP documentation, identifying key data needed for verification with JD Edwards, facilitates document matching and enables company-specific workflows for reviews and approvals. The results: reduced cost, decreased processing time, and increased early payment discount opportunity identification, with visibility for bill payment scheduling optimization.

If you’re a JD Edwards user looking to advance your Accounts Payable team by driving automation to increase visibility and control, this 30-minute video presentation demonstrates the way forward. It highlights how IntelliChief integrates seamlessly with JD Edwards EnterpriseOne and World, and how it uses RPA and AI to automate routine tasks inherent in manual invoice processing.

What positive fiscal impact will this have on you?  Find out by viewing AP Automation Robotics for JD Edwards – Humans and Machines Together

 

Related: Oracle JD Edwards Content Management Software Can Help You Make the Most of Your EnterpriseOne or World ERP