Invoice Processing

Kofax has announced the availability of Kofax Perceptive AP Invoice Approval 2.0, an invoice approval solution designed to better automate end-to-end accounts payable processes. The solution streamlines the invoice approval process via a mobile-optimised interface usable on any device via responsive web design.

Business-to-business (B2B) customers in the Information and Communications Technology (ICT) industry take the longest to pay overdue receivables; on average, within 30 days after the invoice due date, according to a nationwide survey by Atradius. This long payment period is causing a drain on cash flow for the industry.

When sending an important parcel through a courier, you wouldn’t want it to get lost or end-up with the wrong individual. Think about the last time you’ve sent a birthday present through a courier. You’ve personalised the package, labelled it up with the right name and address details before handing it over to the delivery company, ensuring it’s fully traceable. Now imagine if you’re able to find out not only when it’s been delivered but the exact moment when they have opened their birthday present.

Lexmark International has announced the availability of ReadSoft Process Director 7.5, the Accounts Payable (AP) automation solution for SAP.

MYOB has announced a move to integrate an electronic invoicing solution to its financials platform.

OPEX Corporation has announced the release of FalconV, the latest mixed document capture workstation in the Falcon series of scanners. FalconV combines the performance of a high-capacity production scanner with OPEX’s unique prep-reducing process.

Toga, a private Australian company which operates or owns more than 80 hotels in Australia, New Zealand, Asia and Europe in a joint venture with Far East Orchard, has implemented Accounts Payable automation on a Kofax platform through solution provider Efficiency Leaders.

Lexmark’s Invoice Capture Service (ICS) SaaS solution – integrated with Microsoft Dynamics NAV 2016 enterprise resource planning (ERP) – has been upgraded with new features and functions.

Australian document management and workflow specialist distributor UpFlow is expanding operations into New Zealand. 

Ninety-five per cent of UK organisations are still using paper and manual data entry in their finance function, with only 5% describing their accounts payable (AP) processes as ‘fully automated’, according to a new survey by business automation software provider V1. 

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