UK Oracle User Group


Setting up P2P to hit 90% touchless processing - The Imperial College story

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Time: 10:15 AM - 10:45 AM

Track: Track 1

Converting paper invoices to electronic is a significant achievement. Getting to 100% straight-through processing, however, is another story. During the session we will investigate how Imperial College, a top-ten institution in the World University Rankings, has achieved touchless processing for over 90% of its annual 150,000 electronic invoices. Imperial College has now transacted nearly a million e-Invoices with Tungsten Network since joining in 2006 . Doru Procopiou, AP Manager explains how he and the team have:
• Successfully converted 80% of their paper invoices to e-invoices through Tungsten Network
• Worked across the organisation to secure high PO adoption
• Built fuzzy logic to help them match purchase order data in their Oracle ERP system
• Reduced the cost to process an invoice by 80%
• Created a plan to onboard the low-volume suppliers: the long tail that can be a problem
• Secured over 90% touchless processing on 150,000 electronic invoices per year

Presented by

  • Luke Macfarlane & Didier Lombard,Tungsten Network with Doru Procopiu & Amer Mahmood, Imperial College

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