Corcentric, a leading provider of Accounts Payable automation solutions, today announced a new two-part Webinar series titled: Getting Your AP Automation Project Approved that will help AP professionals understand potential ROI when implementing automation in their AP processes Each Webinar will be one hour long and will take place on Wednesday, June 8th and June 22, 2011 at 2:00 PM EDT / 11:00 AM PDT. Those interested are encouraged to join either or both sessions.
Rob DeVincent, Vice President of Product Marketing for Corcentric and Justin Kline, Co-Founder and President of Advanced Capture Team, are the Webinar’s featured speakers. Part one of this series, ‘Calculating Your ROI,’ will discuss important factors to calculate potential return on investment by covering the following points:
– Measuring current processing costs
– Identifying and ranking improvement opportunities
– Evaluating process changes
– Compiling cost savings
– Determining payback periods
Part two of this series, ‘Building the Business Case,’ will help AP professionals learn how to build the best business case for their AP automation project. This session will prepare professionals with the tools to get their business case and project approved and will include the following points:
– The importance of understanding how your organization structures business cases
– Identifying internal projects competing for funds
– Documenting your current processes and comparing it to the future state
– Establishing the key benefits for your organization
– Linking the benefits to your realistic ROI calculations
– Getting executive sponsorship
AP automation is a critical topic as companies explore practices that will help them reduce costs and improve processes. According to Aberdeen Group, an end-to-end solution that incorporates invoice imaging and workflow automation offers up to a 90% reduction of costs. This results in stronger internal controls, and the overall streamlining of the AP invoice review and approval process.
For additional information and to register for the first Webinar, Calculating Your ROI on June 8, 2011, please visit: http://tinyurl.com/CalculateROI.
For more information and to register for the second Webinar, Building the Business Case on June 22, 2011, please visit: http://tinyurl.com/APbusinesscase.
Corcentric is a leader in financial process automation, specializing in Accounts Payable automation, PO requisitioning and imaging, and workflow solutions. By creating a paperless conduit between procurement, Accounts Payable, Accounts Receivable, and suppliers, Corcentric allows companies to immediately manage 100% of their invoices electronically. Our cloud-based (SaaS) architecture allows for solutions to be configured in days rather than months for rapid return on investment.
Corcentric was founded in 1998 and is headquartered in McLean, Virginia with offices in Cherry Hill, NJ; Oakbrook Terrace, IL; Coral Springs, FL; and Saddlebrook, NJ. More than 3,000 companies rely on Corcentric to streamline their invoicing and payment processes to gain controls and efficiency while optimizing working capital.
For more information on Corcentric, call 888.525.7677 or visit http://www.corcentric.com.