Financial departments: the current crisis is accelerating digitalisation

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

The 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

Procure-to-Pay process: The major impact of indirect purchases

10% savings on indirect purchases can produce up to 50% increase in sales benefits Faced with this observation, indirect purchases which until now having been considered to be the “poor child” of purchasing, are undergoing a real transformation: 76% of the companies questioned have an Indirect Purchasing Department and 57% manage them differently when compared

Digital Connectivity Drives Innovation and Financial Transformation

Industries of all sizes and types are undergoing a period of financial transformation and reinvention. Fuelled by data, technology and billions of online transactions between companies, individuals, devices and processes. New technologies like 3D printing, electric cars and companies like Airbnb have revolutionised supply chains and whole sectors. Today’s B2B worlds are expected to reflect

AP Fraud: How it Happens, How to Prevent it

There will always be people who will look for flaws or weaknesses in your processes that they can exploit. Fortunately, there is a lot that technology can do to help you prevent AP fraud. It doesn’t have to be high-tech hacking. Actually, fraud can happen by letter or over the phone and can even catch

5 FAQs in AP, Finance and Shared Services

Even as more and more organisations embrace or mature their shared services model, there are questions that still get asked on a regular basis. Here are 5 FAQs about AP, finance and shared services. What is the difference between centralised finance and shared services? Both centralised finance and shared services take typical ‘back office’ finance

Continuity of ITESOFT activity during the Covid-19 epidemic

Dear Customer, Due to the epidemic affecting UK and Europe and following the guidelines given by health and government authorities, ITESOFT has, since last week, taken steps to respond to this unprecedented situation. Our priority is to protect our employees and their families, to participate in the collective effort to contain the epidemic and to

Automation in Finance – Preparing for the Future of Back Office Functions

What is the best way to prepare for automation in finance? Understand and carefully detail what your current AP processes look like. Be sure to include, and highlight, problem areas. Engage with colleagues and understand how your processes and pain points impact the wider business. Build a multi-disciplined team to head up your process review,

Is Capture the Key to Automation?

The Importance of High Capture Rates in AP Automation

The Fastest Way to Streamline Your Accounts Payable Process

as-a-Service in Accounts Payable… The Future of Capture