A celebration of innovation
Presented by The Institute of Financial Operations, this prestigious award recognizes the creative use of advanced technologies, tools, and processes in accounts payable and accounts receivable. Members of The Institute represent some of the most forward-thinking and dynamic individuals and companies in financial operations.
2013 Award Recipients
This year, there was a unique situation with two companies tying for the accounts payable award...
Working in partnership with Perceptive Software, Anixter saw a 100 percent ROI on its new intelligent capture solution during the first year. Today, all paper, email and faxed invoices are converted into one unified, image-based stream of information.
Since integrating AP automation solutions from Readsoft, Weyerhaeuser has automated 50 percent of its invoice processing and reduced its cost per invoice by 47 percent.
On the accounts receivable side...
With the help of ICG consulting, a customized 24/7 supplier portal was developed and implemented, increasing productivity by 107% over the past three years.
The Institute also honored seven finalists for their acheivements in AP and AR innovation. Finalists included American Electric Power, ChildNet, Data2, Intrawest, Nooter Eriksen, Scott & White Healthcare, and Sonepar.
Innovation Keynote Speaker