Welcome to Five Fast Minutes, a quick monthly briefing from Optura. Five Fast Minutes is a summary of news, highlighted Optura product knowledge and crucial insights to help you tackle business process optimization.

You are part of Five Fast Minutes because you are a valuable subscriber. If you prefer not to receive this newsletter in the future, please scroll to the bottom of this message and follow the instructions.

Optura and Baker Hughes: $600,000 in Accounts Payable Savings

It's tough work, drilling for oil. It involves locating the right place to drill, then developing the right tools to get the oil up from the ground. Complicating this process further is the absolute need to maintain safety standards while drilling in a timely and cost efficient manner.

It’s almost as difficult as processing invoices.

Baker Hughes is a worldwide leader in oilfield services for drilling, formation evaluation, completion, and production technology. In other words, when you need to find oil and gas, these are the guys that will help you find it. One of the critical divisions in Baker Hughes is Business Support Services (BSS). Their purpose is to provide Baker Hughes with high quality, cost efficient support services. They do this by keeping expenses down, maintaining high standard business practices and implementing technology efficiently. Accounts Payable within BSS is an area of expertise Baker Hughes wanted to make more efficient.

The opportunity in Accounts Payable was to close the gap on its success rate with invoices paid. The target for BHBSS was to achieve a 98% success rate on invoices paid to terms agreed upon. In early 2002, their success rate was in the 50% to 60% range. Baker Hughes chose SAP and Optura RapidFlow AP Invoice Exception workflow solution to help them close the gap on this success rate.

Over the course of nine months, the Optura team worked closely with Baker Hughes to implement this new technology into the Accounts Payable system. This is a division that annually processes over 300,000 PO invoices and almost 400,000 non-PO invoices per year, they didn't have time to mess around. Optura got busy by using a planned worksheet involving communication steps, transitions, testing, training and ongoing support. These factors all contributed to an easier integration of the new technology.

The result: a recurring annual $600,000 in savings in Accounts Payable. And this is just the beginning. As Baker Hughes rolls this solution out to its international divisions, the savings will continue to increase.

Other benefits from this implementation have included a significant leveraging of Baker Hughes SAP investment and a business process control that has assisted the oil drilling company in Sarbanes Oxley compliance.

The SAP and RapidFlow AP Invoice Exception solution was the tool Baker Hughes needed to increase the performance in the Accounts Payable service area. In the words of one satisfied customer, "The new procedures are great…the difference is dramatic and wonderful."

For More Information:
Click Here.

Tangible ROI, right here, right now: Optura Professional Services Business Process Optimization Solution

Technology projects are infamous for being unable to justify their large dollar investment or demonstrate any bottom line results. A powerful go-to-market solution offering has now arrived to address this issue head on.

Optura has expanded their business process optimization solutions offering through the creation of an SAP Professional Services Group that has proven experience of conducting business cases and advising companies on the benefits, prioritization and approach to leveraging technology investments by rigorously analyzing and documenting the ROI of these decisions. The result is the sophisticated and laser-focused SAP Business Process Optimization Solution which provides proven methodologies for capturing measurable business benefits, the tangible ROI your company demands.

Optura's skilled consultants will work with customers to:

Improve their technology and business process alignment to realize lower total cost of ownership.

Build the business case needed to justify an investment in supply chain, CRM or optimizing an existing solution through the identification of business benefit and tangible ROI.

Create an IT roadmap that will identify or confirm your initiatives and the appropriate priority.

Provide business and technical expertise necessary to achieve the targeted results for change initiatives.

Optura's SAP Professional Services solutions can be tailored to specific needs and budgets, for those preparing to implement SAP for the first time (or in the midst of it), or for clients who have already installed SAP.The goal of Optura's Business Process Optimization Solution is to identify the benefits and ROI from initiatives such as version upgrades, new functionality, hardware migration and mySAP.com. The delivery vehicle for this ROI is in the form of detailed Business Cases that validate the need and confirm the ROI opportunity for each initiative. Optura is essentially eliminating the guesswork from these technology projects and putting the results on the table.

Opportunities created for your business by using Optura's Professional Services Business Process Optimization Solution:

More money to fund future enterprise initiatives. With ROI derived from an initial enterprise investment, subsequent projects can be undertaken which yield immediate results with little cash investment.

ROI and lower Total Cost of Ownership (TCO)

Redesign of Business Processes to "Best Practices".

The creation of a "Roadmap". This allows you to see the next steps in the process and the actualization of the new functionality. It also can be used to project funding for the next phase.

Strategic planning and execution for consolidation and divestiture activities.

The Optura Difference

Optura can rapidly engage, analyze and deliver for their clients because of an unparalleled combination of industry acumen and SAP experience. Optura also uses ASAP methodology that focuses on the delivery of the business value proposition. Another strength in the Optura Business Process Optimization Solution is the ability to repair business processes and SAP configuration projects already started. In addition, Optura will tie ROI to the clients’ P&L balance sheet and highlight business process linkages.

Let Optura maximize your SAP investment with Business Process Optimization Solution. It will provide greater efficiency and give you essential, tangible results for your technology project.

For more information, please contact:

Central: Randy DeFilippis, 214-914-4093
West: Dave Quilici, 925-683-6979
East: Eric Blauman, 720-339-8751

Contact Optura
888-658-0990 toll free
480-488-3040 phone