Invoice Processing

When opportunity knocks, it seldom knocks twice. For Ross Vincent, Special Projects Manager at NZ business Retail Dimension (now known as RD), the upheaval associated with relocating and restructuring the business in 2017 provided a unique opportunity to improve business processes, one that he grabbed with both hands.

Basware has announced the availability of smart coding to help further automate invoice processing of non-PO invoices through machine learning.

Electronic invoices are starting to take over the world (one report estimates 30 billion e-invoices globally with annual growth rates of 10 to 20 percent), but they’re just the first step in modernising cumbersome financial processes.

Top Image Systems (TIS) has announced the launch of its cloud-based eFLOW AP solution, integrated with SAP Business One.

This might be the first time you’ve heard the word ZUGFeRD, but those working with the European market probably already know of it. ZUGFeRD, a German acronym for the “Central User Guide for Electronic Invoicing in Germany”, was developed to add long-needed standardisation to the e-invoicing format.

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.

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