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Welcome to our discussion on concerns and issues with Oracle IDR and how Mi Invoices addresses these.

In this session, we will have an open conversation to discuss your options in implementing Invoice Automation within your Oracle Fusion Cloud (ERP) platform to enhance your P2P business processes.

These are some of the key points of the IDR process concerns we have heard and will try to address;

item-styleOne size fits all – IDR is a standard global process

item-styleAll inbound invoices come into a single Oracle email address

item-styleBill to identification is PO or Site flip and does not validate the bill to name on the invoice

item-styleAlways wants to populate a supplier (false positives)

item-styleNo concept of claiming or assigning of invoices, which allows multiple users to accidentally work on the same document

item-styleLanguage support

item-styleLimited reporting/statistics/search 

 

 

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When undertaking your review of your Accounts Payable and Invoice Automation processes here are some familiar scenarios we recommend you consider: 

 

item-styleMost people would likely agree that an organisation's approach is irrational, except for one insider defending tradition or uniqueness.

item-styleThese scenarios may amuse you as they mirror your organization's habits, but realistically, you're not unique unless you're a top-secret government entity.

item-styleOrganisations often encounter similar challenges and can benefit from exploring alternative methods. Change is possible and often advisable, but ultimately, it's a personal decision.

item-styleResistance to change is common, as people often think it's difficult, but maintaining outdated methods can be more problematic.

item-styleDepartments,  like property or facilities management, often claim their processes are unique, but in reality, they share common elements like suppliers, invoice numbers, PO numbers, descriptions, and amounts.

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It's All About the RFP

It's All About the Project

 

No PO No Pay policy

 

Streamline Procurement

A No PO No Pay policy can streamline procurement processes

Procurement plays a vital role in a business's operations, as it involves obtaining the goods and services essential for its functioning. Effective procurement ensures that a company secures the necessary resources at the right time and cost, facilitating seamless operations and sustainable growth.

By managing procurement efficiently, a business can optimise its supply chain, cut costs, reduce risks, and uphold quality standards. It serves as the foundation of any successful organisation, directly impacting areas such as production, inventory management, customer satisfaction, and financial stability.

Straight Through Processing

Straight Through Processing

But what exactly is Straight Through Processing, and what does it entail? And is this the right question to ask?

We are frequently asked, what is your recognition rate, and how many invoices will process automatically?
Is this relevant, and what factors truly affect the ability to achieve this?
Straight-through processing means that when an invoice is received by an organisation, it is directly entered into their ERP platform for payment without any manual intervention. How is this accomplished?

Case Studies

 

Case Studies

Review our Customer Invoice Automation Case Studies

To explore our capabilities and track record through our customer accounts payable invoice automation case studies.

Showcasing how we have accelerated the processing of Supplier Invoices.

 

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Blogs - Our insights and experiences on invoice automation

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Our featured Blogs provide our experiences of the P2P and Accounts Payable processes