Environmental Cost Of Paper Based Invoice Processing

We live in a world that is changing. The global focus on reducing our environmental impact is growing. The key question in this blog though is, what is the environmental cost of paper based invoice processing? Most organisations will have an understanding of the cost of processing an invoice once they have received it. Some

Artificial Intelligence: A Modern Approach to Combat Fraud

Preventing fraud has never been an easy task… perhaps Artificial Intelligence (AI) is a modern approach to overcoming this age old problem. Not just for organisations but for individuals the possibilities are pretty incredible. We’ve all heard about AI and the wonders that the likes of Google and Tesla are creating with it. In the

ITESOFT Insight… How Do You Define Invoice Automation Success?

1.  Document your as-is. 2.  Document your to-be. 3.  Engage stakeholders. 4.  Communicate clearly and regularly. 5.  Measure regularly. 6.  Fail fast. It may come as no surprise that, in order to define invoice automation success, you need to have established what success will look like at the very start of your project. What may

Can Robotic Process Automation Transform your Accounts Payable Function?

Artificial Intelligence (AI), Machine Learning (ML) and Robotic Process Automation (RPA) are all poised to transform the way in which businesses work, but can they really have a direct and meaningful effect on the day to day experience of Accounts Payable (AP) and Finance professionals? What is Robotic Process Automation? It is probably best to

ITESOFT Insight… How AI Is Driving CFO Dynamism

  Our Corporate landscapes are changing at a faster pace than at any other time in modern history. And with this comes the need for business leaders that are more engaged and more energised. Using technology, like AI, and freeing time to focus on the business and the people becomes a must for a modern CFO,

Why Won’t Suppliers Adopt E-Invoicing? The Truth.

  For many years we have heard that e-invoicing will completely remove the need for paper invoices, OCR will die and that suppliers and buyers will all adopt e-invoicing. Yet, according to Billentis, as of early 2018 it was reported that 90% of all invoices globally were still processed manually. So what is the truth