Accounts Payable

LexisNexis are using our Accounts Payable Plus (AP+) solution (integrated with PeopleSoft) to help manage their invoice approval operation for 15,000 suppliers and 70,000 annual documents.

Isobel George, Accounts Payable Manager at LexisNexis, referred to their old finance culture as “An area that did a lot of churning, but produced little butter.”  The Accounts Payable process is now totally automated throughout.

In the video below, Isobel discusses the business drivers for change with Avanquest’s Mike Rae (or you can view Isobel’s ppt presentation in which she identifies the business drivers for change to a fully automated AP process, projected cost savings and ROI).

http://www.processflows.co.uk/wp-content/Video/avenquestlexusnexdraft2.mp4

Choosing an Invoice Approval solution for the accounts payable department is a big and complex decision. Especially when you have 15,000 suppliers and 70,000 documents a year to account for.

So, when a customer created a presentation about how they chose our very own Accounts Payable Plus (AP+) to help manage their operation, we found ourselves faced with our own decision.

Is it a public service to share or shameless self promotion….we’ll let others decide? In the meantime, please see below a presentation by LexisNexis on the decision making process to buy our Invoice Scanning data capture and approval solution.

Read the rest of this entry »