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Get the first look at ElevateAP at

Workday Rising, Orlando 2022

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Ascend is excited to announce our participation in this year's #WDAYRising Conference as a silver sponsor!

Workday Rising, Orlando

Sept. 12-15th, 2022

We would love to meet you, introduce our team, and give you a 15-minute demo of ElevateAP.

ElevateAP transforms the way companies process invoices and eliminates 90% or more of manual processing for AP Teams.

Request a virtual or live demo from Workday Rising and get lunch on us!

ElevateAP is the only Workday-certified solution that can achieve touchless processing for more than 80% of invoices.

The ElevateAP Dynamic Prediction Engine uses a unique system of layered machine learning algorithms to achieve very high rates of touchless processing.

+80%

Touchless Processing

ElevateAP users are saving thousands of hours in invoice processing time by eliminating 80% or more of manual labor required to process invoices.

Process Invoices 4-5x Faster

Automatically route electronic docs for approval, store invoice and PO files in a central cloud-based library.

How does ElevateAP work?

ElevateAP was built to achieve very high touchless processing rates. Most users are eliminating 80-90% of invoice processing.

Here's how it works.

Multi-Source Invoice Capture

Eliminate paper and manual invoice entry by capturing all incoming invoices in one central inbox. ElevateAP can receive and read most electronic invoice formats. It saves a PDF of each document and adds it to your ERP for easy access down the road.

Dynamic Document Recognition

Elevate AP has the most advanced AI recognition capabilities in AP. Accurately processing large numbers of invoices starts with reading and mapping the data on each one. Ascend uses multiple competing image recognition and OCR engines to develop a detailed and unique fingerprint of every invoice. Then it chooses the method with the highest confidence level. This helps achieve crazy-high document recognition performance. Typically, ElevateAP can read and understand 98-99% of everything it sees.

Intelligent and Flexible Coding

Coding an invoice and all its line items is the last step before syncing data to your ERP. It's by far the hardest one to get right. Once Elevate has scanned and mapped a document, it can accurately code, tag, and assign cost centers for even the most complicated PO and non-PO backed invoices. It uses powerful machine learning to understand and adjust to all your unique business processes and procedures. It gets even more accurate over time, automating more and more of your invoice volume.

Real-Time Sync to Workday

Elevate uses real-time ERP sync to ensure invoices are matched and coded using the most recent data. As invoices arrive via email and other sources, they are processed and synced to Workday in real-time, so Ascend users have the most accurate and up-to-date view of where money is being spent.

Case Study: Commercial Real Estate

One of the first Workday Financial Management customers experienced explosive growth and needed AP automation that could scale as they grew. Their very complex AP workflow that was extremely challenging to automate. They had already made three attempts to build in-house AP Automation programs that integrated to Workday but struggled to get meaningful results. They chose Ascend's AP Automation to help them scale and grow their 800 locations.

Results:

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87%

Increased recognition rates from 0-87%.

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+800

Ascend was able to centralize AP for all global locations.

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160k

160K annual invoices. Misapplied invoices and location errors nearly eliminated.

Case Study: Healthcare Industry

Before moving their AP operation to Ascend, rapid growth and lack of centralization were causing significant issues in their network of 390+ veterinary clinics across 37 states. Using 100% manual coding of spend categories was causing confusion and costly mistakes which lead to time consuming month-end accruals.

Results:

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Addressed invoice scale and growth:

Cloud-based AP automation through SmartTouch AP enables efficient handling of a very large number of invoices. AP department has been able to handle fast growing invoice volume even as their AP team has gotten smaller.

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Centralized AP for nearly 400 locations:

Implemented SmartTouch AP email monitoring as a single destination for inbound invoices. They are now able to efficiently track and have visibility to invoices moments after they were sent by suppliers.

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Automated coding of spend categories and cost centers:

Invoices are now auto-coded based on text extraction (OCR) and integration into Workday supplier data. They have moved from all manual coding and entry to invoices being automatically read, coded and added to Workday.

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Eliminated confusion and mistakes:

SmartTouch AP uses intelligent text extraction and key value pairing to pull the correct information from invoice headers. They are now able to eliminate almost all confusion, and costly misapplied invoices.

speed

Sped up and simplified accruals:

Accrual information now available as soon as invoices are received. Accruals of invoices not yet in Workday are available immediately with Ascend.

Case Study: Healthcare Industry

Their Accounts Payable team was struggling to support over five dozen facilities using a completely manual AP process.They chose Ascend because they needed user-friendly AP automation software that would substantially decrease processing time and increase profitability.

Results:

paid

$500k

In early-pay discounts captured in the first year.

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-26 days

Average invoice payment cycle went from 28 days to 2 after automating.

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60+

Automated AP for 60+ facilities.

Case Study: Hospitality

Switching from manual AP processing to automated was a major transformation. With 2,000+ locations, and more than 30,000 invoices each month, they had a lot to gain from moving away from manual processing. They also needed to standardize AP across three organizations in their cafes, manufacturing, and corporate overhead.

Results:

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87%

Increased recognition rates from 50%-85%.

speed

40%

Increase processing speedsd by 40% after switching from their previous provider.

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Centralized AP for all three factions: Retail, manufacturing and overhead. Allowing them to automate coding of spend catagories and cost centers across into Workday supplier data.

What our customers say about us

"A smooth well-executed project with Ascend's great team"
What do you like best?
"SmartTouch AP has been a great asset for us, the ease of use and the OCR success rate makes using it so much better than our prior tool - the team spends a lot less time fixing what is stopping the invoices from integrating and just codes them."
Administrator in Financial Services
Mid-Market (51-1000 emp.)
"I would recommend Ascend"
What do you like best?
"The team at the company are just simply the best. They are friendly and extremely supportive. We love having calls with them."

Administrator in Financial Services
Sm. Business (50- or fewer emp.)
"We were really focused on solutions that were approved by Workday. Ascend’s user interface really feels like Workday’s to us. It's very natural to go to certain fields and say, ‘Okay, this is what it means in Workday, so this is what it means in Ascend.’ To me, it felt very instinctive."

Trusted by 75+ Workday Customers

More Workday Financials users than any other AP automation provider

Workday Rising, Orlando

Sept. 12-15th, 2022

We would love to meet you, introduce our team, and give you a 15-minute demo of ElevateAP.

ElevateAP is transforming the way companies process invoices on Workday Financial Management and eliminating 90% or more of manual processing for AP teams.

Request a virtual or live demo from Workday Rising and get lunch on us!