Sponsored By:     

Date/Time:            Friday, August 13, 2010; 1:30pm - 2:30pm ET

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University Hospitals, located in Northeast Ohio, includes a comprehensive network of primary care physicians, outpatient centers and hospitals, serving patients at more than 150 locations. In any given month, the procurement process alone results in tens of thousands of PO and non-PO-based invoices, generated by thousands of medical and support personnel, all of which need to make their way through the supply chain as quickly, efficiently and cost-effectively as possible. UH’s Finance and Accounting managers, like their counterparts across businesses and industries, were challenged to reduce invoice processing costs, increase visibility into the P2P process, and improve cash flow management.  By implementing best-practice information capture and process management, Jeff Lubbe and the UH team were able to:

- Cut invoice processing costs nearly in half – to below best-in-class standards
- Reduce AP processing headcount by 25% while nearly doubling the number of invoices processed 
- Increase the rate of discount capture, and completely eliminate paper shuffling, filing and storage

This webinar will outline the UH team’s strategy, process and tools for achieving – and sustaining – results that exceed industry benchmarks by 200%.

Presented by...
Jeff Lubbe, Corporate Finance Director, University Hospitals

Moderated by...
Mark Brousseau, Facilitator, IAPP-TAWPI Payments and Receivables Council