Invoice Processing

It’s likely that some of your financial processes are automated, but not all. With all the advances around automating invoice processing, sales orders, financial posting, payment approval, purchase requisition approval and more, one would think enterprises have this part of the business all dialled in with no manual work being performed. Unfortunately, that is not the case.

Stonebridge Solutions has implemented an automated accounts payable management platform for Adelaide Brighton Limited (ABL), one of Australia’s leading construction material manufacturers with  more than 1,500 staff.

Paramount WorkPlace, a provider of web-based and mobile spend management and procurement software solutions, has launched an on line Procure-to-Pay Calculator. It enable companies to quickly quantify the return on investment (ROI) resulting from automating the procure-to-pay (P2P) process via basic metrics on existing invoice processing and staff salaries.

Kofax has launched a new advanced invoice processing solution based on its TotalAgility platform, dubbed IP Agility, which automates the receipt of invoices already in an electronic format, paper invoice scanning, classification, data extraction, perfection and export to ERP and accounting systems.

Top Image Systems’ (TIS) eFLOW AP 5.2 solution has achieved certified integration with the SAP S/4HANA, the erp suite built on SAP's proprietary Operational Database System and in-memory computing platform called SAP HANA.

Basware, the provider of e-invoicing and Source-to-Pay (S2P) solutions, has announced the availability of predictive analytics capabilities in its cloud-based Source-to-Pay solution. The release incorporates an intelligent algorithm to show which invoices are at risk of being paid late.

Drakes Supermarkets is a family-owned business established in 1974 when Roger Drake purchased his first supermarket. Today, the company is the largest independent grocery retailer in Australia with more than 50 stores across South Australia and Queensland.

Kofax has announced that Microsoft Dynamics NAV 2016, Microsoft Dynamics NAV 2017 and Microsoft Dynamics 365 for Financials (Business Edition) now include Kofax Invoice Capture Service (ICS).
Dynamics users seeking to automate their accounts payable processes can start with ICS’ “freemium” model that allows for the processing of up to 75 invoices per month without charge, and then choose to upgrade to a subscription plan.

Australian technology company, MessageXchange has announced the successful demonstration of end-to-end transaction between the Australian Government and a private sector recipient using a new Australian e-invoicing standard.

EzeScan has been providing TechnologyOne Financials users with Invoice Processing solutions for the on-premise version of Financials for over five years.

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