Best Practices for Automated 3-way Matching, GL Coding and Vouchering in EBS

When:  May 10, 2023 from 01:00 PM to 02:00 PM (ET)

Abstract:
One of the biggest challenges in AP, is not just managing the sheer volume of invoices received daily but validating the line-item detail on each invoice, GL coding the information and vouchering it for payment to avoid late payments and take advantage of early pay discounts.  But the devil is in the detail on how best to accomplish the tedious task of 3-way matching – matching the line-item detail on an AP invoice against the detail on PO’s and warehouse receivers.  The magic of AP Automation solutions is to automatically perform 3-way matching without manual intervention, but how exactly do you achieve the highest rate of straight-through-processing (STP) and processing efficiency when exceptions are encountered?  This is particularly difficult when the invoices you receive are overly complicated with multiple line detail or they are missing information to do the matching/validation.  Or even worse, when the AP invoices contain special charges (like freight surcharges) that are allocated differently depending on the vendor/supplier.  

Learning Objectives:

  1. Learn how a productized integration for EBS impacts your invoice processing.
  2. Learn a proven methodology to handle matching challenges in Accounts Payable.
  3. Understand the best practices for AP Managers and Financial Executives to gain visibility into the AP process to review efficiency metrics and forecast future cash flow.

Educational Tracks:
#E-BusinessSuite 
#EmergingTechnologies 
#JDEdwards 
#MiddlewareandIntegrationTools 

Presenters:
@Leif Peters, Intellichief, Senior Account Executive

Location

Online Instructions:
Url: http://ams.oatug.org/Meetings/MeetingRegistration.aspx?ID=514
Login: To register for this free webinar, click “Register Now” and log in to your OATUG profile. New to OATUG? You can create a free OATUG profile easily! Click “Register Now” to create yours and complete webinar registration.

OATUG members, please log in for full access to OATUG resources.

Event Image