Orchestrating Confidence in Enterprise Vendor Spend Since 1991
Hyperautomated
Vendor Expense Management
David Sonenstein
VP Product Strategy
AMI Strategies
AMI Strategies
About AMI
Company Background
The AP & IT Finance Challenge
Rising Cost of Data Entry Labor
Adding & retaining staff for this type of work is more challenging than ever:
- Manual & Repetitive
- Unrewarding
- High Turnover
Complexity & Depth of Critical Vendor Invoices
Hundreds to thousands of pages with tens of thousands of recurring and non-recurring cost items make it difficult to:
- Categorize costs logically cross-provider
- Quickly identify and address exceptions
- Carve out provider billing errors
Valuable Data that
Slips Through the Cracks
Standard AP processes do not capture or catalog granular and invoice contents that would provide tremendous value to other departments
Insourcing Specialists Increases TCO
Staffing individuals who understand your vendors’ business practices increases your Total Cost of Ownership (TCO) and detracts from core business functions
Build vs. Buy
Building in-house vendor management tools leads to focusing on invoice process and data quality issues rather than managing costs
Money Left On the Table
Assumption that if the cost is funded by the PO, that those costs are accurate and in-line with the contract
Big-Ticket Vendor Management
Outsourced
Knowledge-as-a-Service
Best practices gained from 32 years working daily in multiple client environments
Pre-Built Automations, Normalizations & Integrations
Purpose-built to normalize, inventory, audit, and allocate at scale allowing in-house teams to focus on content and exceptions rather than wasting time on the process
Single Source of Truth
for Inventory & Costs
One pane of glass to view all dimensions of your vendor relationships
Change Management
Delivered Via ServiceNow
Centralized MACD & CMDB administration delivered via scoped, certified applications
Never Pay More Than
Than You're Supposed To
Complete confidence, transparency and accountability for every dollar spent
Hyperautomation that
Outperforms the Norm
Doing more than humanly possible
Hyperautomation
[ hahy-per-aw-tuh-mey-shuhn ]
Hyperautomation is a business-driven, disciplined approach that organizations use to rapidly identify, vet and automate as many business and IT processes as possible. Hyperautomation involves the orchestrated use of multiple technologies, tools or platforms, including:
- Artificial intelligence (AI)
- Machine learning
- Event-driven software architecture
- Robotic process automation (RPA)
- Business process management (BPM)
- Integration platform as a service (iPaaS)
- Low-code/no-code tools
- Packaged software
- Other types of decision, process and task automation tools
SmartCMDB™
Fully Automated Invoice-Based Inventory
Completed within minutes of invoice load
All invoice attributes are automatically populated into inventory
Any changes to rates, fees, service statuses, or assets are flagged
We know when change happens even if we are not involved
Enriched with Enterprise & External Data
Spend and Usage is Fortified with Data from Other Sources
Contractual terms and conditions
Business ownership and end user data (HRIS)
Cost center and general ledger data
Equipment and hardware details
Software and applications
Maintenance and other associated services
Projects and business outcomes (TBM)
SmartAudit™
Audit, Optimize & Dispute
Completed within minutes of invoice load
All flagged items are reviewed by analysts
Valid items are linked to Contract Profile including contract page number
Invalid items are managed as a dispute with vendor until it's resolved
- Comparison Audits
- Trending Audits
- Usage Audits
- Usage Trend Audits
- Contractual Audits
- Inventory Audits
- Opportunity Audits
- Custom Audit Rules
Automated Financial Operations
Allocate, Approve & Pay
Completed within minutes of invoice load
Runs in parallel with SmartAudit™
Cost Center/GL coding at lowest granular level
Threshold-based approval options for automation
ERP integration
Diversity spend attribution for invoice payment services
Change Management
Moves, Adds, Changes & Deletes
Scoped, certified ServiceNow applications
Plug and play implementations
Prebuilt workflows designed for category-specific MACD
Bidirectionally integrated CMDB
Adds spend and usage to ITAM programs
All the good of ServiceNow without the limitations
Automated to the Hilt
Carrier, Sustainability, Service Provider and ERP APIs/RPAs
Instantaneous transactions
No waiting for service desks
No swivel-chair
Forced accuracy
Delivering the Right Business Outcomes
Reliable Outsourced Domain Expertise
Because in-house resources are expensive and hard to find
Reclaimed Capacity
Because industrial strength technologies are more efficient than in-house tools
Predictability with Variable-Cost Providers
So customers are never blindsided by fees or unexpected service experiences
Never Paying More Than You're Supposed To
Savings turn into cost avoidance if TEMs like us are doing their job
Our Expertise
Network & Telecom
Your Global Source of Truth for Telecom Owners, Inventory & Spend
- Lower your telecommunications costs through benchmarking, consolidation, forensic audits and ongoing analysis
- Automate your financial operations around telco
- Centralize your change management activities
- Bidirectionally integrated with ServiceNow
Managed Mobility
Because the Only Constant in Mobility is Change
- Create predictability in your wireless spend month over month
- Implement an accurate source of truth for inventory, usage, and spend that’s always up to date
- Optimize your current mobility spend and implement cost-avoidance measures
- API integrated with all major US carriers
- MDM consulting, licensing, implementation and support
Cloud Management
A Single Management Console for your Public & Private Clouds
- Microsoft Azure
- Amazon AWS
- Google GCP
- VMware
- Private Cloud
- And more!
Utility & Sustainability
Smart Sustainability Decisions Begin With Good Data
- Create the baseline and maintain an ongoing database of utility usage and spend across all locations
- Define targets and measure results
- Identify outliers and prioritize improvements
- Compatible with all major sustainability reporting frameworks
ServiceNow Consulting
The Right Partner at the Right Time
- Source ServiceNow Licenses
- Provide best practices and design the right solution
- Jump in to in-flight or stalled projects
- Add developers to your existing bench
- Project manage your roadmap
- Develop, configure, deploy and maintain
Managed Automations
Your Easy Button for Automating Business Processes
- Advice on what automation tech makes sense, and which don’t
- Automate data retrieval from multiple sources
- Abstract, transform and normalize data from multiple sources
- Eliminate manual data entry and errors
Big-Ticket Vendor Management
Giving Customers Control Over Their Most Expensive Vendor Relationships
Deep Bench of Domain Expertise
32 years experience working daily with multiple client environments
Our Clients Never Pay More Than They're Supposed To
And we offer historical forensic audits that help fund our go-forward services
We Eliminate the Manual Busywork Around Vendor Management
Allowing customers to scale their existing talent and keep them engaged
A Single Source of Truth
One pane of glass to view all dimensions of your vendor relationships
ServiceNow Savvy
We own and operate a ServiceNow consulting business
We Do More Than Humanly Possible
Hyperautomation is in our DNA
Let's Go!
David Sonenstein
VP Product Strategy
(303) 641-4996
dsonenstein@amistrategies.com
My Background
- 2001 – Started my career in Telecom/Tech (Allegiance, Sprint, Level 3)
- 2009 – Accepted my first position in TEM (Visage Mobile, Ezwim, Blueprint, AMI)
- 2017 – Joined ETMA Executive Board
- 2021 – Joined AMI to start Extractbots™ as General Manager
- 2022 – Joined AMI Executive Team as VP Product Strategy
Previous
Next
What is
Vendor Expense Management?
What is
Vendor Expense Management?
A Good "VEM" Program is Defined by the
Business Outcomes
it Delivers
What People Say
AMI's Automation Evolution
32 Years of Deploying Cutting-Edge Automations Throughout our Operations
