Invoice Processing

Lexmark’s Invoice Capture Service (ICS) SaaS solution is now integrated with and available for the Microsoft's Dynamics NAV 2016 enterprise resource planning (ERP) platform, enabling out-of-the-box accounts payable (AP) automation capabilities. Currently serving more than 110,000 users worldwide, NAV is Microsoft's cloud-based ERP offering for the SMB market.

A move to the Concur cloud-based accounts payable (AP) automation system is paying dividends for Smartgroup Corporation, an ASX top 300-listed company with over 350 staff throughout Australia, saving time and money by eliminating manual processes using Concur’s automation technology.

Esker has announced the availability of a new solution integration for Microsoft (MS) Dynamics NAV ERP, providing greater process efficiency and productivity across vendor invoice operations.

ABBYY has announced its role in helping Rhenus Assets & Services – the Shared Services Centre of the global logistics company – to process up to 1.8 million documents annually in the form of incoming invoices, delivery notes, and many other paper documents. Following central processing and classification of the documents, data from incoming invoices are read according to business rules and then passed to the workflow-based approval process in SAP.

Efficiency Leaders has announced ‘Rapid AP’, described as an accounts payable “appliance”, that promises to slash processing times for mid-sized companies in the Australia and New Zealand. Rapid AP will automate the manually intensive process of receiving invoices from paper or email, classifying automatically and performing data validation tasks, before sending the digitised invoice to the company’s finance or ERP system.

Purchasing and Invoice Processing Software supplier Verian has announced a new deployment in Australia with an implementation at Southern Cross Care (SA & NT) Inc. the largest aged care provider in South Australia and Northern Territory with a turnover of $A140 million, 1,300 aged care beds and 1,000 independent living units.

The United States will be moving towards e-invoicing after the country’s Office of Management and budget (OMB) issued a deadline by the end of 2018.

Accounts payable is an area that is singled out for process improvement in many organisations. The business looks at number of people doing manual processing and believes it is a simple case of putting in document scanning, or electronic data interchange and savings will flow.

In one of the bigger software deals of 2014, SAP agreed to buy Concur Technologies for $US8.3 billion. The purchase provided the German ERP software giant with an entry into AP Automation and travel-related software for hotels and tourism services. On a recent visit to Australia, IDM asked AG Lambert, Concur’s VP, Product Management and Strategy, how the merger was progressing.

Ricoh Australia has launched an Accounts Payable offering, a new end-to-end invoice automation solution to enable companies to improve their financial processes, increase productivity and reduce costs.