Invoice Processing

GS1 has announced the inclusion of Universal Business Language (UBL) in its EDI standard syntax portfolio that already includes EDIFACT/EANCOM, GS1 XML and GS1 UN/CEFACT XML syntaxes.

Bottomline Technologies has announced a new voice-assisted Paymode-X app, which will make it easier for businesses to understand and access information on key payment transactions.

The Australian government says it will work to progressively adopt electronic invoicing (eInvoicing) across all levels of government. Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, said embracing eInvoicing is a win-win situation, which will both improve government processes and help businesses.

P2P provider Basware is launching a Smart PDF invoice capturing service in 2018 that will take advantage of the high percentage of machine-readable PDFs that do not require OCR.It will extract data from any machine-readable PDF, creating a touchless invoice automation process.

Basware has announced a new chatbot feature within its electronic procurement solution. The chatbot serves as a virtual assistant, enabling people to more easily find order requests and purchase orders that they have access to.

Payable Automation is the process of re-engineering the accounts payable process to create and improve efficiencies. More often than not it involves digitisation and centralisation of a process that is currently manual and paper-centric. When done correctly an AP Automation project is not just automation of the current process, it is a complete re-imagining of the process.

Many enterprises have already included the increase in e-invoicing rate and processes automation in their strategies. Most of them decide to hire a regional or global provider to achieve the synergy effect. This is a very good decision but currently organisations face the challenge of dynamically changing e-invoicing legislation in every country.

Singapore is seeking to adopt a nationwide, interoperable electronic invoicing framework based on the PEPPOL system, which is currently used by 19 European countries such as Britain, Germany and Norway.

When you hear talk about robotics in the distribution centre, you may envision some of the innovations Amazon is using to streamline operations — and make headlines. Maybe you picture self-guided forklifts equipped with sensors and automatic controls stacking inventory in racks soaring high above the distribution to fulfilment without humans getting in the way and slowing things down. But you might be surprised to learn that robots are transforming more than just the physical tasks of fulfilment centres.

More than 20 million Amazon Alexa-powered devices were sold in 2017, and Google sold a Google Home device every second since the Mini started shipping in October, making voice-activated artificial intelligence more mainstream than ever before. The weather, a friendly joke or random trivia are easy for Alexa and Google to retrieve; and when stumped, the statement, “I can’t help you with that, but I’m always learning,” reassures us that…well, it’s always learning. Wouldn’t this same capability be great within your accounts payable department? “Okay Google, which accounts are 30 days past due?”

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