Tuesday May 31, 2011

Oracle Content Management: Optimizing Accounts Payable

If you are just getting started in automating invoice processing and accounts payable, a great webinar to listen to is this one with Jamie Rancourt of Oracle: Optimize Accounts Payable Through Automated Invoice Processing. Jamie goes through the steps to automation, and shows how a content management system to store the imaged invoices enables fast lookup to confirm payments, addresses, and invoice numbers.


Jamie also shows how some companies automate the capture process and extract information from the invoice in the process of moving it from a paper format to an electronic format. By automating this process, companies can cut as much as 90% of their invoice processing costs, and they can improve their accuracy. Offerings like Oracle’s Content Management Solutions provide a way to extract content such as invoice number, amount, tax and other data, and then automatically pair it with the correct invoice and enter the data in Oracle E-Business Suite or in Oracle PeopleSoft.

The webinar also profiles some customer examples, including Home Depot and Costco. Both of these organizations process thousands of invoices daily.

What are your criteria for choosing an imaging solution for accounts payable?

Monday May 30, 2011

Automating Accounts Payable

This week we will be focusing on how integrating content management with accounts payable can result in a tremendous savings and a fast return on investment. Organizations often see as much as a 90% savings by automating invoice processing. And by using an enterprise content management system to automate those processes, organizations can leverage the implementation to address other use cases. As we go through the week we’ll see how customers often begin by automating invoice processing, and then address use cases like employee on-boarding, travel and expense processing, and student admissions. This single investment pays for itself quickly and then continues to offer greater and greater returns.


Oracle Enterprise Content Management is pre-integrated to address automating accounts payable processing for Oracle E-Business Suite and Oracle PeopleSoft. These integrations enable your organization to quickly get up and running, capturing paper invoices and automating their entry into your payables systems, slashing manual input and improving accuracy. As invoices are processed, the image of the paper invoice is always just a click away for verification.

Some organizations also implement Oracle WebCenter, which provides a dashboard, enabling managers to check throughput and look for bottlenecks.  And with WebCenter’s composite capabilities, multiple applications can be viewed simultaneously, so invoice processing and supply levels, or customer orders and inventory levels can be brought together on one screen and viewed together.

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Oracle WebCenter is the center of engagement for business—powering exceptional experiences for customers, partners, and employees. It connects people, process, and information with the most complete portfolio of portal, Web experience management, content, imaging and collaboration technologies.

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