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

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

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,

Confused About Invoice Automation?

Don’t worry, you aren’t alone! Most of the people I have spoken to over the last few years are confused about accounts payable invoice automation. So, are you confused about invoice automation as well? Well I am going to try and help. At ITESOFT invoice automation is when you have digitised and automated the whole