Procure to Pay: Anticipate regulatory changes to stay in the game!

RPA, AI, Blockchain, electronic invoice… the evolutions of Procure-to-Pay (P2P) are permanent. Being able to anticipate these changes and continually benefit from the latest innovations is essential to maximise the performance of your P2P process. We give you the keys to success here!  Anticipating regulatory and technological transformations  Whether it is increased regulations or adopting new technologies… finance department’s

Procure-to-Pay: Putting supplier relations at the centre!

With procurement representing an average of 60% of revenue for European companies, the importance of supplier relations must not be underestimated. Building a smooth relationship with partners is clearly a strategic role for organisations. Handling the relationship effectively also means that the finance function must meet new challenges, such as real-time management, respect for payment

Procure-to-Pay: Fighting against fraud is no longer an option

Fraud has become a real threat in the P2P process: according to the DFCG 2020 – Euler Hermes study, 1 out of 3 companies suffered more than 5 fraud attempts in 2019 and in 56% of the cases of fraud observed, it is the document (invoice, BIC, etc…) that is implicated.  Therefore, making a success

Maximum Procure-to-Pay automation: The key to success!

The economic crisis is driving finance departments to seek productivity gains like never before. In today’s context, the Procure-to-Pay process represents one of the main sources for improving efficiency. Digitalising the process allows to reduce costs and processing times by 6 or more, compared to a manual process… But these performances are only provided by the best!

Procure-to-Pay: The 5 Challenges of Digitalisation

Like 60% ¹ of finance decision-makers, you are convinced of the importance of digitising the Procure-to-Pay (P2P) process. Productivity, auditability, traceability, risk management, resilience… the benefits are many. The question is no longer if, but “how”? If you do not want to “just” digitise, but also want to reach the level of the best-in-class, the

Streamline for Invoices Fall’20 edition focus on e-invoicing in Europe

Having been involved for many years in the field of electronic invoicing, ITESOFT have taken a step forward with the new edition of its Procure-to-Pay offer which notably inciludes several new turnkey connectors making it possible to manage more invoice formats from more national regulators   ITESOFT announce the availability of the new edition of

How Covid crisis is accelerating digitalisation in Financial Departments

The recent pandemic has changed our habits, forcing us to reinvent our social relations and our professional exchanges. In a matter of months, SARS-CoV-2 will have done more in terms of digital transformation, accelerating digitalisation, than many other corporate projects. When contact becomes a problem, digital becomes the solution. We have witnessed an explosion of

Supplier Relationship, more Strategic than ever

The supplier relationship has long been unbalanced, between an “Almighty” customer imposing his will, processes, deadlines and a supplier with no choice but to comply. This finding is reinforced when we know that 25% of business bankruptcies are due to late payments. However, between technological and legislative developments, the supplier relationship is more strategic than

Procure-to-Pay: ITESOFT enhances its Streamline for Invoices solution

Digital invoices, robotisation, AI… are now priority levers for finance departments looking for more performance, agility and perfect control of regulatory compliance risks or fraud. To respond, ITESOFT are delivering a new edition of its Procure-to-Pay solution which capitalises on the publisher’s advances in AI and process robotisation for an even more efficient, adaptable and