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Get the first look at EleveateAP 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!

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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!

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

The ElevateAP Dynamic Prediction Engine that 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.

5X

Process Invoices 4-5x Faster

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

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.

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Multi-Source Invoice Capture

Eliminate paper and the manual entry of invoices by capturing all incoming invoices in one central inbox. Elevate can receive and read electronic invoices in any format and it will save a pdf image of each one and add it to your ERP for easy access down the road.

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Dynamic Document Recognition

Elevate has the most advanced AI recognition capabilities in AP. Automatically processing large numbers of invoices accurately starts with reading and mapping everything that’s 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 one with the highest confidence level. This helps us achieve crazy-high document recognition performance. Typically, Elevate can read and understand 98-99% of everything it sees.

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Intelligent and Flexible Coding

Coding an invoice and all the line items on it 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 learn and adjust to all your unique business processes and procedures and gets even more accurate over time. Automating more and more of your invoice volume.

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Real Time Sync to Workday

Elevate uses real-time ERP sync to ensure invoices are matched and coded using the most up-to-date 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 where money is being spent.

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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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87%

Increased recognition rates from 0-87%.

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390+

Ascend was able to centralize AP for all 390+ locations.

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160k

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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-26days

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

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60+

Automated AP for 60+ facilities.

Case Study: Commercial Real Estate

They were one of the first Workday Financial Managment customers and were experiencing explosive growth and they needed AP automation that could scale as they grew. They had a very complex AP workflow that was extremely challenging to automate. They had already made three attmeps 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. Pathway’s 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. Pathway was able to efficiently track and have visibility to invoices moments after they were sent by suppliers.

code

Automated coding of spend categories and cost centers:

Invoices are now auto-coded based on text extraction (OCR) and integration into Workday supplier data. Pathway has 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. Pathway was 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.

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What our customers say about us

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!

About Ascend

Ascend Software is a Business Process Automation company, delivering superior Accounts Payable (AP) automation and Enterprise Content Management (ECM) solutions for over 20 years. Our software solutions are unsurpassed in performance and functionality. Our ElevateAP Solution distinguishes itself through an underlying architecture developed to accomplish more with fewer smarter touches, to efficiently service the enterprise. Because of Ascend’s industry expertise, vision, dedication, and attention to detail, SmartTouch Solutions are faster to implement, easier to use, and yield a quick ROI. With offices throughout the United States, Ascend’s solutions are distributed internationally in fourteen countries.

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