Invoice Processing

US Start-up Mindee, the creator of an API platform designed for developers to eliminate manual data entry, has emerged from stealth mode and announces today that it has raised $US14 million. Mindee helps developers automate workflows in their applications by standardising the document processing layer.

Centsoft has announced invoice OCR processing and scanning for Microsoft Dynamics 365 Business Central. The cloud-based platform captures invoice data from either emailed or paper invoices.

E-invoicing is an innovation that provides benefits for every business. It is simple to get started, and works seamlessly in the background for most organisations. But less than 1% of businesses in Australia use this service. Why is adoption so low?

​Voxel, an e-invoicing and B2B payments specialist in the travel industry, has acquired Australian startup Troovo in order to enrich and consolidate its B2B payment solutions.

TCG Process, a leading intelligent document processing (IDP) solution provider with headquarters based in Switzerland, has announced a new, global partnership with global IT consulting firm Wipro.

Over the past few months, we’ve seen some important announcements made by the Australian Government in relation to e-invoicing. The main being its commitment of $15.3 million to accelerate e-invoicing and support the Treasury and the Australian Peppol E-Invoicing Authority (run by the ATO).

As Australia continues to slip in and out of lockdowns, business continuity continues to be tested. While business leaders battle to try and not just survive the pandemic but thrive, groups of highly sophisticated scammers are seeking to exploit the pandemic and scam businesses out of their hard earned and much needed cash. According to the ACCC’s latest Targeting Scams Report businesses lost over $A128m to business email compromise scams – that’s nearly $A2.5m a week. 

For many organisations looking to improve their operational efficiencies, the overhead of processing incoming invoices is one of the first challenges to be considered.

CloudTrade, a provider of e-invoicing, e-order, and complex data capture services, is launching  FreightDocs, a bespoke, cloud-based, plug and play data capture solution, tailor-made for processing freight and logistics documents.

The New Zealand Ministry of Business, Innovation & Employment (MBIE) has announced a panel of e-Invoicing access point providers for all of government to use.

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