Invoice Processing

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.

Esker has launched a new supplier self-service portal to complement its Accounts Payable automation solution. The new tool improves the way organisations interact and collaborate with their suppliers.

Leading Australian pharmacy retail network Chemist Warehouse has selected solution provider Xcellerate IT to implement Kofax’s TotalAgility platform to streamline its accounts payable (AP) processes.

Konica Minolta Business Solutions (US) has announced it will tap into solutions from Ariba, the SAP subsidiary, to enable a digital procurement process.

One of Australia’s leading diversified food and agribusiness companies, the Craig Mostyn Group has moved ahead with Esker Accounts Payable solution on Premises with its mobile application for business approvers.

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