Invoice Processing

Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices look legitimate and are often sent from a legitimate-looking email address, making it difficult for busy finance teams to spot the fakes.

There are numerous tools on the market, including freeware, with which users can create PDFs. But are the results always satisfactory? Not always, as it can happen that a certain PDF file can be opened with one reader and not with another.

Esker has announced the launch of its Collections Management automation solution in Australia, building on the success of the solution in the U.S. and France. Esker’s cloud-based solution optimises collections management by decreasing costs, accelerating payments and reducing DSO (Days Sales Outstanding).

Fuji Xerox has announced a partnership with Esker to offer a cloud-based Accounts Payable (AP) Automation Solution across the APAC region. The joint offering is based on a platform initially developed by Fuji Xerox New Zealand for customers in the construction, retail, business and education industries.

In today’s world, enterprise organisations increasingly rely on digital automation to deliver the greatest level of efficiency and customer experience. A catalyst to an organisations digital transformation journey has been robotic process automation (RPA), creating a new class of digital workers that replace or augmented many office employee jobs increasing efficiency, scale, and speed at which work can be done.

One of Australia’s largest super funds, Cbus Super, has chosen financial process automation experts, Valta Technology Group, to implement, integrate and manage a Source to Pay solution to drive automation across its accounts payable, financial and procurement process functions.

Finance teams lack the digital skillset to embrace the latest advancements in artificial intelligence, causing a negative impact on revenue growth, according to a new study from the Association of International Certified Professional Accountants (the Association) and Oracle.

Invoice automation solution provider Wise-Sync has announced a new integration with Datto Autotask PSA as part of their strategic partnership with Datto, a provider of MSP-delivered IT solutions. Wise-Sync specialises in accounting automation for Xero and Quickbooks Online.

Accounts Payable (AP) is often the first initiative when it comes to Business Process Automation projects, and it’s easy to understand why.  AP directly effects how much money leaves an organisation, it’s a business process typically fraught with manual steps, and it’s a process that crosses almost every industry so vendors tend to focus on it first. 

It is estimated that as many as 1 billion invoices are exchanged between businesses in Australia on an annual basis; however only 10-15% of those invoices are e-invoices, with the rest remaining paper-based. So, why has the adoption of e-invoicing been so slow in Australia and APAC? What opportunities does e-invoicing offer businesses in Australia?

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