Invoice Processing

Basware has launched SmartPDF AI, an evolution of its SmartPDF service to automate the conversion of machine-readable PDFs to e-invoices. It replaces optical character recognition (OCR) technology that relies on capturing data from images by using data automatically extracted from historical invoices via machine learning.

The New South Wales Department of Customer Service (NSW DCS) has implemented an e-invoicing solution to  automate the procure-to-pay process for more than 41,000 invoices processed annually by its shared services centre, although it will continue to allow suppliers to send paper/PDF invoices.

Storecove, an e-invoicing solution provider that established its Asia-Pacific presence in November last year, has announced the first group of companies to sign up as Storecove partners in the Asia-Pacific region.

Quadient has acquired YayPay, a company that offers SaaS accounts receivable (AR) automation solutions for $A28 million in cash. The acquisition of YayPay will expand Quadient’s Business Process Automation offer, complementing its cloud-based platform Quadient Impress, a multichannel document automation platform for small and medium businesses.

According to the Australian Bureau of Statistics, two thirds of Australian businesses reported revenue had decreased during the COVID-19 pandemic in comparison to the same period the previous year. This creates an immediate and urgent need for Australian business owners to reduce costs and improve processes for the future through digital transformation.

Esker has been certified as a PEPPOL (Pan-European Public Procurement On-Line) Access Point by the Australian Taxation Office (ATO) and the New Zealand Ministry of Business, Innovation and Employment (MBIE). This accreditation enables Esker to send and receive e-invoices to and from all entities using the PEPPOL network.

Ephesoft has announced the availability of Semantik Invoice, a cloud-based data acquisition product with an out-of- the-box artificial intelligence model designed to reduce costs by 30% and significantly cut the time to process an invoice while achieving accuracy by over 97%.

Deloitte UK and UiPath, the enterprise Robotic Process Automation (RPA) software company, have announced they are working together to deliver Deloitte Intelligent Document Processing (DIDP).

Compu-Stor has deployed a Kodak Alaris Info Input Solution for web-based, distributed capture, the first deployment of the solution in Australia following its launch in 2019.

Auckland-based Rental & Property Management company Goode Rentals has solved a headache in data processing for water charges utilising a sophisticated capture solution from PSIGEN.