In the consumer world, paper statements and physical checks are quickly becoming a thing of the past. With increasing frequency, bills are sent via email and paid online. Things are different in the business world, where 85 percent of invoices are still sent manually. But innovative organizations are moving to change this. On Thursday, August 18, Deutsche Bank will participate in an interactive webinar during which it will discuss ways in which it is leveraging cloud-based technologies from Ariba, Inc. (NASDAQ: ARBA), the leading provider of collaborative business commerce solutions, in conjunction with its SAP®software to fuel a global e-invoicing process that delivers savings and efficiencies. The live session will take place from 2 p.m. to 3 p.m. ET and will feature Will Chen, Vice President, Global Transformation Lead, Deutsche Bank.
“The business case for moving from paper to electronic invoice processing is straightforward: it’s all about cost,” said Chen. “With e-invoicing, the cost savings to process an invoice are substantial, and it allows us to redeploy staff to focus on more strategic activities.”
Like many organizations, Deutsche Bank uses SAP software to manage its financials. And while the system has made accounts payable a much more efficient function, the company has its sights set on eliminating paper, increasing the speed with which invoices are processed, improving the efficiency with which invoices are matched to purchase orders (POs) and contracts and capturing opportunities for discounts.
During the August 18 webinar, Will Chen will outline how Deutsche Bank has implemented AribaPO Automation and Ariba Invoice Automation solutions within its SAP environment to fuel a global e-invoicing process that to date has allowed the company to:
- Onboard thousands of suppliers for electronic processing
- Move from 100-percent paper invoicing to a goal of 80-percent electronic in targeted regions
- Process more than 350,000 e-invoices annually
- Drive 70-percent of invoice transactions from purchase orders
“ERP applications are unmatched in their ability to streamline internal information flows. But commerce happens between companies, and organizations must extend these applications to manage external relationships and data,” said James Tucker, Director of Marketing, Invoice and Payment Solutions, Ariba. “With Ariba, Deutsche Bank can push its SAP system beyond the edge of the enterprise and collaborate with all targeted suppliers to lower costs and improve compliance.”
To help other companies using SAP do the same, Ariba recently launched Ariba Collaborative Commerce for use with SAP ERP. Delivered on-demand, the solution leverages a network-centric model to connect partners, processes and spend across multiple systems and allows companies to effectively streamline financials, increase visibility and collaboration across the supply chain and improve the efficiency of their trading relationships – all within their current IT environment. To learn more about the offering, visit: www.ariba.com/solutions/SAP
For more information on the August 18 webinar, or to register, visit http://www.ariba.com/events.cfm