Is Your AP Department Overlooked?
Two Thirds of Executives use innovative Technologies to Drive Profit, Benefit the Environment A recent survey from the USA issued by the Environmental Defence Fund (EDF), listed the seven emerging technologies that senior executives view and use to drive profitability and environmental performance The technologies listed are; blockchain, sensors, data analytics, mobile ubiquity, dematerialisation, automation…
Robots in Finance Departments
Robots both fascinate and worry at the same time. Who didn’t look with admiration at the last Boston Dynamics robots to perform a back flip, (I always dreamed of getting there) or felt uncomfortable seeing them co-operate to open a door like Raptors in JURASSIC PARK? Get ready, because we are now seeing Robots in Finance…
Digital Transformation Failure – Serious Hit to TSB Reputation
The separation of TSB and Lloyds bank back in 2013, and the acquisition by Sabadell in 2015 meant that TSB had to find their own systems for their customers. Choosing Proteo4UK as their supplier and a planned go-live date of 20th April 2018, they were ready to go. TSB warned their customers far in advance…
Fraud in Finance Isn’t New
Fraud through the ages Fraud in Finance is nothing new, it’s a serious crime that’s got severe punishments associated to it and it always has. Since the internet was created in the late 1980’s, and the news became readily available for everyone to see and now it seems that the fraud cases have become a…
ITESOFT and Contextor Announce a Partnership Agreement
ITESOFT, leading provider of process and document digitalisation solutions, and Contextor, a specialist in Robotic Process Automation (RPA), announce a cross-partnership agreement. The two software vendors will benefit from the complementary of their respective offerings, enabling customer organisations to digitalise all their business processes and speed up their digital transformation. Enabling All Data Sources to…
Make a Breakthrough with Accounts Payable Automation
Take a look at any accounts payable survey from the past few years and one thing will become instantly apparent: when it comes to the things keeping Accounts Payable (AP) departments awake at night, very little changes over time and it’s now an era to breakthrough. Year after year, the need to ‘improve processes’ tops…
5 Reasons You Should Automate for Digital Transformation
As digital transformation hits its stride, automation is becoming a priority agenda item for many senior management teams. For many, automation represents a significant shift in the way their business operates – and involves significant investment and wholesale structural change. So why should you be considering automation if you’re not already? The answer lies in…
ITESOFT Wins AP/Invoicing Product of the Year
ITESOFT, leading developer of automated digital process solutions, has won an award for its software at the prestigious 2017 Document Manager Awards, held on the 23rd November at the Radisson Blu Edwardian Bloomsbury Street in London. Document Manager have been running the awards event for 11 years, and this is the 13th Document Manager award…
Combating Document Fraud with Digital Technology
Document fraud is the third largest criminal industry in the world – but are we doing enough about it? In 2016, only one in three decision makers had solutions in place to detect document fraud concerning incoming documents. And yet, 64% of decision makers admitted that the need to manage the risk of document fraud…
Is Capture the Key to Automation?
Is capture the key to successful automation? Yes, without the ability to automatically capture incoming information every subsequent step in automation falls down. If your capture rates on supplier invoices are low, at any level, then the information put into your workflows or approvals is going to be poor. Quality, huge volume capture drives every…
The Importance of High Capture Rates in AP Automation
What’s the importance of high capture rates in automation? If you cannot achieve the highest possible capture rates you will find that any automation project will struggle to really give the benefits you could have achieved. Ensuring that you catch as much data as possible, with as little human input, allows you to generate far…
The Fastest Way to Streamline Your Accounts Payable Process
Much like Joe Wicks’ Lean in 15 recipes and work outs are dedicated to being short and sweet, Cloud technology and Software as a Service (SaaS) allows a quick implementation with immense benefits when used for accounts payable automation. Giving you the fastest way to streamline your accounts payable process. If you’re trying to reach…
as-a-Service in Accounts Payable… The Future of Capture
From manual processing to as-a-Service in Accounts Payable. as-a-service in Accounts Payable is the latest in technology designed to make lives simpler and easier. Most of us still underestimate the power of devices that can fit in our hands. An everyday example is a calculator. We all have a calculator on our smartphone. Before reaching…
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…
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 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 accounts payable…
ITESOFT Insight… Top 3 Barriers To Automating AP & Overcoming Them
No resources Not enough budget Lack of drive How many of these barriers to automating AP applies to your organisation? Accounts Payable managers are determined to change the way their team process their supplier invoices. Even with this desire for better processes, barriers to automating AP are often put in their way by senior management.…
ITESOFT INSIGHT… Do I Have A Scalable Accounts Payable Process?
A scalable Accounts Payable process is all about being future ready. Are you confident that as your business grows, your tech and team can handle it? Yes? You have a scalable Accounts Payable process. Congratulations… Why are you reading this? No? Perhaps it’s time to search for technology that can deliver real scalability. After all,…
Why Won’t Suppliers Adopt E-Invoicing? The Truth
The truth about e-invoicing? There is no “one size fits all” answer. An EDI feed is simply unrealistic for many companies. Asking suppliers to change for your benefit… that’s a hard ask. You have to show them a benefit too. According to Billentis, 90% of all invoices globally were still processed manually… Yes, 90% of…
Why You Should Be Looking to Automate Accounts Payable Now
Have you thought about automating your Accounts Payable process, but keep pushing it further and further down your list of priorities? Let’s talk about why you should be looking to automate your Accounts Payable process now. Before 2020 rears its ugly head. H2 is the best time to be looking to automate. If your company…
ITESOFT Insight… How Do You Define Invoice Automation Success?
How can you define invoice automation success when your are just starting to explore your options? Start with a list. Try this one. Document your as-is. Document your to-be. Engage stakeholders. Communicate clearly and regularly. Measure regularly. Fail fast. It may come as no surprise… to define invoice automation success, you need to decide what…
Data as a Critical Resource
Warning: the data revolution requires radical thinking. Let’s start this post honestly: changing the way we use data isn’t always easy. But, the public sector has a genuinely astonishing opportunity to use data in an open, transparent and ethical way to the great benefit of the citizens and all our communities. Data has gone from…
Accounts Payable Automation – The First Step to Automating an Organisation
Digitalisation of a business; start simple, start with Accounts Payable automation. When companies decide to embark on projects designed to automate their processes, the advice is often to start with something simple. This has numerous benefits, from ensuring your project generates a return on investment, to establishing how your staff deal with major change. Accounts…
Automation in Finance: Preparing for the Future of Back Office Functions – Full Document Download
Throughout November and December, I published a series of 6 articles looking at preparing for the future of back office functions through automation in finance. Starting with 9 bullet points on how to best prepare for automation in finance, working through understanding your current processes, who to involve and how to involve them, and tips…
Understanding the True Cost of Your AP Process (Infographic)
Understanding the true cost of your AP process is an important step towards gaining any benefit from your department. How can you submit a business plan for your process improvement project before understanding the true cost of your AP process? It is also important to understand how other companies are performing so you can gauge…
Automation in Finance – Preparing for the Future of Back Office Functions: Part 6
Read Part 5 Adhere to your project plans. When project start to drift there can be a tendency to adjust your plans accordingly, normally this is done in an effort to ensure that delivery of the project looks like it has been achieved. By reducing the overall size of a project, timescales should be less…
Automation in Finance – Preparing for the Future of Back Office Functions: Part 4
Read Part 3 Involve your IT team. Yes, even if your corporate direction is to move to cloud based technologies, your internal IT team will still be vital in this project. It is almost certain that, during your research, you will come across technology that simply doesn’t make sense to you. Now, if you have…
Automation in Finance – Preparing for the Future of Back Office Functions: Part 3
Read Part 2 Research, research, research. Over the last 5 to 10 years, organisations have really started to understand that their own research can be vital to the long term success of am automation project. In fact, it is widely suggested that more than half of the information that is used during the decision making…
Automation in Finance – Preparing for the Future of Back Office Functions: Part 2
Read Part 1 Engage with colleagues outside of the finance team. This should, honestly, be a no-brainer. Yet we have often found that automation of finance or AP is explored and managed almost exclusively by the team in question, and their direct line management. However, how can you know what time and cost impacts moving…
Automation in Finance – Preparing for the Future of Back Office Functions: Part 1
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,…
How Can AP Automation Save a Finance Team Time?
AP Automation is not a new thing, organisations have been investing in this for many, many years. Following the market trends and accessing new technologies and solutions. However, for organisations that have not invested, or have not revisited the market for more than a couple of years, one important question is at the forefront…
5 Biggest Mistakes in Accounts Payable and How to Fix Them
I have spoken to countless Accounts Payable and Finance professionals in my time, hearing horror stories about how they process invoices and make payments. In this article I have picked my top 5 favourite answers to the question “So how do you currently process your supplier invoices?” and what my response would be. 1. We…
100 Years Ago What Did Future Tech Look Like?
When considering our future relationships with technology it can be very interesting to start by looking at what people thought we would be doing today. So, 100 years ago, what did future tech look like? Looking back, before we look forward. We know that no one can truly predict how the world will look in…
Limitations Within Existing Accounts Payable Automation Platforms
As with all technology, there are limitations within existing Accounts Payable Automation Platforms. With the advent of cloud solutions, more and more organisations are able to consider investing in disruptive solutions within the back office. Cloud technology is now well and truly embedded in our corporate consciousness, for a lot of very good reasons. Its…
Accounts Payable Automation Comes Down to One Thing
Every automation company worth its salt will have published a white paper giving numerous reasons why you should automate your back office. These white papers are great, they are designed to give you a better understanding of what to look for when you choose to automate. Often they are designed to guide you with key…
An Insiders Thoughts on Preparing for Future Automation in AP
If you’re like me, the proof of the pudding is in the eating, meaning if you want to be sure something is being done properly you need tangible, conclusive evidence, especially regarding your future automation needs. When it comes to automation, we imagine a completely dark process where nothing but what goes in and what…
Often Overlooked Benefits of Supplier Invoice Automation
More often than not, when an individual or organisation considers the benefits of supplier invoice automation, they will focus on a few key points, normally the easy to define and associate a cost to. However, as with all technology, solutions designed to automate this process advance in not only the solution capabilities but by default…
Leading a Successful Finance Process Automation Journey
James Stackhouse and Paul Armstrong discussed the Finance Process Automation Journey that Autoglass undertook. During the webinar, hosted by ICAEW, James and Paul went into detail on the Autoglass Finance Process Automation journey, from the first thoughts of automation, all the way through the process to the selection of ITESOFT, and the planning of the…
The Truth about E-invoicing
These days, in the financial process automation space, the term “E-invoicing” is thrown around with little attention to detail. Much like the buzzword of the last year, “Blockchain”, a lot of people have jumped on the hype without fully understanding the meaning of the word. Defining E-invoicing If you’ve been boasting and bragging to your…
Is Your AP Department Overlooked?
Two Thirds of Executives use innovative Technologies to Drive Profit, Benefit the Environment A recent survey from the USA issued by the Environmental Defence Fund (EDF), listed the seven emerging technologies that senior executives view and use to drive profitability and environmental performance The technologies listed are; blockchain, sensors, data analytics, mobile ubiquity, dematerialisation, automation…
Make a Breakthrough with Accounts Payable Automation
Take a look at any accounts payable survey from the past few years and one thing will become instantly apparent: when it comes to the things keeping Accounts Payable (AP) departments awake at night, very little changes over time and it’s now an era to breakthrough. Year after year, the need to ‘improve processes’ tops…
5 Reasons to Transform Your AP Function Through Automation
We now live in a world where a new class of digital tools are reshaping almost every aspect of business communication and interaction. You don’t have to look far to see the spectacular impact of cloud, robotics, analytics, artificial intelligence, automation, and more. These are some of the digital disruptors that are really changing how…
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…
Is Artificial Intelligence effective in fighting fraud?
In short, yes, Artificial Intelligence is effective in fighting fraud. It is already preventing a lot of fraud and is expected to dramatically decrease all cases of fraud in as little as 4 years. With changes in technology comes new ways for fraudsters to go about their work. Artificial intelligence (AI) may be the only…
Risks Associated With Accounts Payable
Hi, my name is Bushra, and in this, my first article, I will be writing about some of the potential risks associated with accounts payable. This will include a look at a couple of key areas where fraud can be a risk, payment processing issues, and how to resolve these problems. My aim? Well hopefully…
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…
Fraud in Finance Isn’t New
Fraud through the ages Fraud in Finance is nothing new, it’s a serious crime that’s got severe punishments associated to it and it always has. Since the internet was created in the late 1980’s, and the news became readily available for everyone to see and now it seems that the fraud cases have become a…
Combating Document Fraud with Digital Technology
Document fraud is the third largest criminal industry in the world – but are we doing enough about it? In 2016, only one in three decision makers had solutions in place to detect document fraud concerning incoming documents. And yet, 64% of decision makers admitted that the need to manage the risk of document fraud…
Digital Transformation in Shared Services – The Impact on the Workforce
Shared services have changed a lot in the last 10-15 years. The adoption of electronic invoicing, smartphones, cloud-based Software-as-a-Service, RPA and artificial intelligence have kept us in a constant state of evolution. But what impact is this having on the workforce? And what can you do to start preparing for the next 10-15 years? Sharedserviceslink…
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…
Digital Tools and Disruptive Technology in the Public Sector: Taking Small Steps to Make a Big Difference
When we talk about disruptive technology, many people immediately think of outlandish and extreme changes in workflow and behaviour. However, there are plenty of small changes and simple tools we can use to help make the workplace a smarter, and more streamlined place. Changing the way you work As we welcome Generation Z into the workplace,…
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…
What is the Role of Robotic Process Automation (RPA) in Accounts Payable?
The role of Robotic Process Automation (RPA) in Accounts Payable is, fundamentally, to remove time consuming, repetitive, low-value tasks such as data entry from employees. Freeing accounting clerks time to focus on higher-value tasks. Simply put, if your team are typing data from a document, into any system, this is the task that RPA will…
AI & Robotics should not be about Displacing your Workforce but Enhancing it
We are working in an age where technology is pushing the very frontiers of business For too long back office functions have been considered as a cost to organisations, subsequently they have often been neglected, with issues such as, a lack of resources and cuts in funding. Advances in technology over the last few years…
What Does RPA Mean for You?
What does RPA mean for you, for your organisation and even the wider business? During this blog post, I’ll be stripping RPA down to basics, looking at what the acronym means, defining RPA, and then how this could benefit not only you, but your organisation as well. So, what does RPA actually mean? “Robotic process…
The Ultimate Cheat Sheet on RPA – For Beginners
Always seeing the term RPA thrown about in conversation and constantly asking yourself “What does RPA stand for?” but too afraid to ask? Seek no further, by the end of this article, you will know enough about RPA to make your systems admin blush. And while it’s useful to know what RPA stands for, you…
The Rise of the Robots May Not be so Bad After All
Will you be affected? Here, rise of the robots refers not to the malicious uprising of intelligently superior machines (Terminators) but instead to the automation of mundane and repetitive tasks. Previously, only manual labour was considered to be at risk of automation as more and more workers feared being replaced by mechanical robots (probably because…
Robots in Finance Departments
Robots both fascinate and worry at the same time. Who didn’t look with admiration at the last Boston Dynamics robots to perform a back flip, (I always dreamed of getting there) or felt uncomfortable seeing them co-operate to open a door like Raptors in JURASSIC PARK? Get ready, because we are now seeing Robots in Finance…
Want your Invoices Paid within 30 days? Try 1.2
Out of 15,625 reports of UK companies’ payment practices, 5,439 companies reported that they were paying their invoices within 30 days. That means 65% of companies that have reported their payment practices are taking longer than 30 days to pay suppliers upon receipt of an invoice. Why is this? It could be due to a…
If AP Ain’t Broke, Don’t Fix It… Or Should We?
It seems that a culture has emerged of “If AP ain’t broke, don’t fix it”. This is not specific to any level of a business, generation, or gender. Instead this idea seems to be reinforced by professionals who can’t see the benefits to automating accounts payable, when compared to a completely manual process. Whilst keeping…
Knowledge is Power for P2P
We all know that knowledge is power, what we don’t know is how to acquire said knowledge. It’s easy to implement an automated solution to complete a process, but how can you maximise the benefits from your solution if you don’t gain any knowledge or experience from it? In the days of cloud technology, sharing…
The P2P Business Case – Successful Implementation
Everywhere you look in today’s business environment you will find two words ‘Digital Transformation’. Going digital is the primary route to keeping pace with demands on all aspects of individuals and organisations. These two words which can, do, and in some instances have placed a measure of fear in many of us, will continue to…
Seven Predictions for Finance and Procurement in 2019
In a challenging geopolitical landscape, where long held assumptions around the fundamental principles of world economics are being questioned, many organisations are looking to new ways of thinking and technology to protect them against risks and take advantage of any opportunities. This year will see ongoing changes in several different areas: Let’s Get Connected It…
The Digitalisation of the Procure-to-Pay Process: More Than a Financial ROI
According to the Institute of Finance & Management (IOFM), 53% of accounts payable managers believe that a Procure-to-Pay process improvement initiative should be initiated by their financial departments. Faced with an increasingly competitive market, this investment addresses productivity challenges and operational performance, the importance of which continues to grow each year. The digitalisation of processes, in…
5 Reasons You Need A Digitalisation Strategy for 2019
As we get closer to 2020, a digitalisation strategy seems more important than ever. What exactly is a digitalisation strategy? Put simply digitalisation is the application of technologies to aid in new, and existing, processes. A strategy to do so, would include an understanding of what can be improved, how to improve it, what can…
Robotics and eInvoicing – Latest P2P Survey Results
Business confidence has dipped this year in response to a flat economy and continued uncertainty around Brexit. It seems that few organisations have strong contingency plans in place in case of a hard Brexit and some are concerned about the implications for their supply chain. And while access to cash remains difficult, with some organisations…
5 Ways to Ease Employees into Process Change
An upheaval of your company’s processes may sound exciting to you, but your colleagues may be intimidated by the thought of changing up their daily routine of the last 10+ years. In the following article, I will discuss 5 ways to help your colleagues become comfortable with the upcoming process change you have planned for…
What is the Most Important Piece of Data for an AP Specialist?
The role of AP Specialist is not new to business The role of an AP Specialist is not new, organisations understand the need to have departmental specialists. Often the role of a departmental specialist is internally filled, leveraging the knowledge of the department and organisation to deliver real benefit. More recent is the growing importance…
B2B Financial Processes Are Still Too Slow
Why, in an age where information, transactions, and engagement are almost instant, do so many organisations still lag behind when it comes to B2B financial processes? Can B2B Learn From B2C Practices? As we know, B2C engagement has long been the primary focus of business, and rightly so, this is what pays the bills. Offering…
5 Reasons You Should Automate for Digital Transformation
As digital transformation hits its stride, automation is becoming a priority agenda item for many senior management teams. For many, automation represents a significant shift in the way their business operates – and involves significant investment and wholesale structural change. So why should you be considering automation if you’re not already? The answer lies in…
Bruntwood Limited choose ITESOFT Streamline for Invoices to continue their investment into AP Automation.
September 2019 – Woking We are delighted to announce that Bruntwood Limited, an existing ITESOFT UK client have signed to use Streamline for Invoices. Highlighting their commitment to high quality working practices and reduced environmental impacts. Continuing their journey to a truly outstanding Accounts Payable department. Who are Bruntwood? Bruntwood are headquartered in Manchester, with…
What the 2019 Spending Review Means for the Public Sector
Chancellor Sajid Javid announced the latest Spending Review on 4 September 2019. This review is in reality a fast-track Spending Round concerned with government spending for 2020/21. The Chancellor has delayed his full three-year Spending Review until 2020. An overview of the spending review The Chancellor announced a “decade of renewal” that would “turn the page…
PPN P2P Transformation Summit 2019
PPN P2P Transformation Summit 2019… Great venue! Great food! Wonderful speakers! A wealth of information! ITESOFT were delighted to have been invited to attend the PPN P2P Transformation Summit 2019 for the fifth year in a row, and I thoroughly enjoyed it! For me, this was my first time at the event, and what…
Exploring the Environmental Impact of Paper-led Processes
Since Greta Thunberg burst onto the scene, pleading with politicians and the public to take climate change seriously, environmental concern has been front and centre of almost every news channel and front page across the country. Businesses often prioritise the bottom line over other concerns, but, as responsible citizens,it’s important that we consider how the…
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,…
ITESOFT Insight… Keeping Millennials Connected With Their Aspirations
As a younger generation of workers become a majority in the workplace, companies are starting to realise that technology is a huge factor on whether staff stay content – or whether they stay at all! So what insights can I offer to help keep millennials connected with their aspirations – and equally importantly, your business?…
The Effects Of Outdated Software
Companies run in to the problems caused by outdated software all the time, the “if it isn’t broke don’t fix it” mentality seeps in to technology and causes a stall. More people are scared at what they could lose rather than what they will gain, and in the meantime everything just gets worse and harder…
The Future of the Workplace: Meeting the Demands of the Next Generation
Every new generation entering the workplace have their own set of values and expectations. But, the emergence of Generation Z will turn the workplace as we know it on its head. Expect nomadic, hard working individuals that never switch off, care about culture, and are determined to make a difference. What makes Gen Z different?…
A Paperless Proposal for the Public Sector
I spent 12 months working for a local authority, the amount of paper we got through gave me nightmares, so I drafted a paperless proposal. It all started on my first day in the office, I was introduced to the filing cabinet. By filing cabinet, I mean a 5 meter squared area of “Train Track…
Fourth Industrial Revolution and Finance
What were the other Industrial Revolutions? The First Industrial revolution took place between the 18th and 19th century. The development of factory systems, machine tools, and steam power, really driving the textile Industry and with it creating Great Britain as the world’s leading commercial nation. The technological revolution or also known as Second Industrial Revolution…
Digitalisation of invoices: Socometra Engie chooses ITESOFT’s next-generation solution
Socometra Engie, a maintenance and engineering company, has selected Streamline for Invoices from ITESOFT, a global leader in digitalisation and process automation solutions, to transform its supplier invoice process. Digitalise 12,000 supplier invoices per year To support its strategy of digital transformation of accounting processes, Socometra, a subsidiary of Engie Group based in New Caledonia,…
Streamline for Invoices Now Available Through the Microsoft Store
30 years of innovation in the business process automation space have culminated in ITESOFT’s latest accounts payable suite, Streamline for Invoices (SLFI). Now available through AppSource, the Microsoft Store, SLFI represents a new generation of solutions that not only leverage the intrinsic benefits of the Cloud, but also take advantage of using innovative services deployed on…
Saudi Arabia Welcomes Sophia as Their First Robot Citizen
“This is historical to be the first robot in the world to be recognized with a citizenship,” – Sophia According to an official Saudi press release, Sophia was confirmed as the first robot Saudi citizen during a business event in Riyadh. As I wrote in a previous article, Sophia was also the first robot in…
DM Awards 2018 : ITESOFT UK proud to announce that Streamline for Invoices is named Accounts Payable/Invoicing Product of the Year
23rd November 2018 – Woking, Surrey ITESOFT UK, a leading provider of solutions for Finance Process Automation, are proud to announce, today, another award winning year at the annual Document Manager Awards 2018. Following on from many years of success, 2018 delivered an award for ITESOFT in the following category: Accounts Payable/Invoicing Product of the…
What’s More Important: Automation or Jobs?
I’ve written about this before, and had many a discussion at work, in length about how far automation has come and where it’s going. These conversations regularly lead to the question of what’s more important: Automation or jobs? In the last 5 years Artificial Intelligence (AI) and computing has advanced faster than in the preceding…
Dubai’s on its way to becoming paperless, is this the change we’ve been waiting for?
It’s well known that Dubai is a smart city. They have always been ahead of the game when it comes to becoming paperless, but they’ve now announced they’re back on track for a paperless government in 2021. What are they changing? In a simple sentence, Dubai are changing their entire government process into a paperless…
Aragon Research positions ITESOFT in the “Innovator” section of the Globe for Digital Business Platforms
Evaluation Based on Completeness of Strategy and Performance ITESOFT has been positioned by Aragon Research, Inc. in the “Innovator” section of the Research GlobeTM for Digital Business Platforms, 2018, by Jim Sinur. This research note evaluates 27 key providers that are leading the charge in the DBP market. “We believe our positioning in the Digital…
Electronic Visa Granted to Robot ‘Sophia’
In just two minutes an electronic visa was granted to humanoid robot ‘Sophia’ from Hanson Robotics to supplement her visit to Azerbaijan. The Azerbaijani government agency ASAN (Azerbaijan Service and Assessment Network) saw the visit as an opportunity to publicise its digitalised processes. ASAN has managed to digitalise government processes such as registering births, deaths,…
HADO – The First International AR Competitions Announced
For anyone who watched the original TRON as a youth and wished growing up that they could be inside a video game racing, running, and dodging… Now 30 years on us dreamers can finally have their chance and get involved in the first international AR competitions of HADO. A Tokyo based company HADO are creating…
Autonomous Cars – Another Foray into an Automated Future
With the news of London Taxi firm Addison Lee announcing their plans to introduce autonomous cars on the road of Britain by 2021, I thought I would discuss some examples of automation being used in life today. Supermarket Checkouts Supermarket self-checkout systems have been around since the early 1990’s, but became more widespread in the…
Today I Was Sick… But My Computer Wasn’t
Coming down with a cold. For the last 72 hours I have been ill, so has a colleague of mine, we have probably caught the same bug, let’s face it these things do go round and around an office space. Then, today I was sick, I messaged my boss and took a day off. My…
Be Like Banksy: Shred Your Documents…
Last week, Banksy triggered a shredder, built into the frame of his artwork, after the gavel went down on a sale of £860,000 at Sotheby’s. Want to feel the same rush Banksy felt as he plunged his once pristine, important, artwork into its bladed fate? Okay, it’s not going to be quite the same adrenaline…
The Accounts Payable Clerk has a New Role
It’s nearly 2019. Our home lives have changed so significantly and so have a lot of our work lives. If you work for a worldwide conglomerate, chances are your budget has allowed you to make these changes over the past 10 years. Smaller companies are only now seeing the move into digitalisation as a realistic…
FISCAL Announces Partnership Extension with ITESOFT
Agreement optimises risk mitigation, protects working capital and drives financial process efficiencies 27 September 2018, Woking, UK. ITESOFT UK, a market leading provider of financial process automation solutions, today announced it has extended its commercial partnership with forensic financial solutions provider FISCAL Technologies, to transform risk management and process efficiencies in the finance function. …
Technology Lessons, Learnt by the Best
It’ll come as no surprise that technology has had its issues in the past, ranging from the Galaxy Note 7 through to Facebook Chatbots developing their own language, but there are ways to avoid these problems. In late 2016 and early 2017, the Samsung Galaxy Note 7 was released with an irregular battery size, which…
Leveraging Big Data and IoT to Fight Cancer
I recently came across an article in the Metro talking about a new App being used to help fight cancer. Suffice it to say this piqued my interest. I mean, who isn’t interested in how we are able to apply technology to help with our quality of life. On reading, the principle was so simple…
5 Ways to Ease Employees into Process Change
An upheaval of your company’s processes may sound exciting to you, but your colleagues may be intimidated by the thought of changing up their daily routine of the last 10+ years. In the following article, I will discuss 5 ways to help your colleagues become comfortable with the upcoming process change you have planned for…
Automation is Coming for My Job
Automation is coming for jobs. Unfortunately, it’s a fact of life in the new age of technology. As I type this even my job comes under pressure. Just like emails made fax machines redundant, Netflix the video stores, texting and mail, automation is removing dull repetitive tasks and doing them faster and better. You don’t…
Remember the Good Old Accounts Payable Days?
Ahh the good old, golden, accounts payable days. They were amazing weren’t they? The summers were always brilliantly sunny, the winters had snow at the proper time and invoices were barely a concern back in the… good ol’ accounts payable days. Of course, this is not true, or fair. But the reality is that times…
Not Quick Enough To Keep Up With Upcoming Technology?
24 companies are failing to “keep up” in 2018, that’s 1,895 stores or 21,191 people worrying about job security, is this a failure to adapt to newer, upcoming technology, and digitalise, or is it not keeping up with their customers’ needs and relying heavily on brand worth. Customers these days would seem to be caring…
ITESOFT’s Summer Fest: A Celebration of Automation Success
From the 5th of July 2018 through to the 6th, two thirds of ITESOFT travelled to meet with the other third in Paris, France. This meeting gave the opportunity for a company wide briefing by ITESOFT’s CEO Christophe Lacaze, as well as an evening’s celebrations in Paris bar Favela Chic. Before the meeting of the…
Are Automation Solutions Driving Paperless Offices?
As more and more automation solutions are available, are these the “key” to delivering the holy grail of a paperless office? To start with, the answer to this question lies in truly understanding what an automation solution actually IS, before even considering what it can deliver. Automation itself is not new, mankind has set out…
Carambar & Co chooses ITESOFT Streamline for Invoices to digitalise its supplier invoice processing in SAP®
To handle the increasing number of invoices received from its various suppliers around the world, Carambar & Co has chosen to implement ITESOFT Streamline for Invoices, a cutting-edge automation solution for processing supplier invoices. Before, the Carambar & Co Group has handled its supplier invoices using manual processing methods, which are highly time-consuming in terms…
Duty To Report Payment Practices – 1 Year On
ITESOFT Recently Ran a Webinar looking at Duty to Report Payment Practices 1 Year On… During ITESOFT’s recent webinar (Duty To Report Payment Practices 1 Year On) a number of trends would appear to be coming to light… The first, most striking element of the reports submitted, is how few there have been, and how…
Digital Transformation Failure – Serious Hit to TSB Reputation
The separation of TSB and Lloyds bank back in 2013, and the acquisition by Sabadell in 2015 meant that TSB had to find their own systems for their customers. Choosing Proteo4UK as their supplier and a planned go-live date of 20th April 2018, they were ready to go. TSB warned their customers far in advance…
ITESOFT and Contextor Announce a Partnership Agreement
ITESOFT, leading provider of process and document digitalisation solutions, and Contextor, a specialist in Robotic Process Automation (RPA), announce a cross-partnership agreement. The two software vendors will benefit from the complementary of their respective offerings, enabling customer organisations to digitalise all their business processes and speed up their digital transformation. Enabling All Data Sources to…
ITESOFT Wins AP/Invoicing Product of the Year
ITESOFT, leading developer of automated digital process solutions, has won an award for its software at the prestigious 2017 Document Manager Awards, held on the 23rd November at the Radisson Blu Edwardian Bloomsbury Street in London. Document Manager have been running the awards event for 11 years, and this is the 13th Document Manager award…
ITESOFT joins Gartner’s Magic Quadrant iBPMS 2017
We are pleased to announce that Gartner, the world’s largest IT analyst firm, has recently integrated ITESOFT into its Magic Quadrant iBPMS* 2017. This reinforces the strategic vision initiated by the company over the last few years around its SCPA platform. This recognition is in addition to those received in the recent months by Forrester,…
Are You Ready For the New ‘Duty to Report Payment Practices’ Legislation?
Deadlines have a habit of sneaking up on us, and this autumn UK companies have a new one to contend with: in November 2017, they will need to submit reports on their payment practices due to the new UK legislation. The legislation is part of the UK’s government’s effort to protect small businesses from the…
ITESOFT and FISCAL Technologies Extend Commercial Partnership
Agreement ensures risk and fraud reduction across document capture and payment processing. ITESOFT, European leader in digital transformation and business process automation software, has extended its commercial partnership with world-leading provider of accounts payable forensic software FISCAL Technologies to protect customers throughout the capture and payment process. FISCAL’s AP Forensics suite will complement ITESOFT by providing…
ITESOFT Makes The Future Real by Enhancing its Portfolio with “Streamline for Invoices”!
Digital transformation addresses primitive processing of document capture. Most companies still use fax and paper capture solutions but with digital transformation, companies will need to rethink their approach for collecting and digitalising their information from multiple sources in multiple formats (e-mail, PDF, web forms etc.). As in many other areas, the use of cloud services…
Recognised as an innovative digital technology leader again!
ITESOFT, leading developer of automated digital process solutions, has won an award for its software at the prestigious 2016 Document Manager Awards, held on the 24th November at The Grand Connaught Rooms, London. Document Manager celebrated their 10th year of running the awards event, and this is the 12th Document Manager Award that ITESOFT has…
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…
ITESOFT Insight… Accounts Payable Automation FAQs
Accounts Payable Automation FAQs with a difference. Each of these questions have come up in multiple webinars run by us. These are your Accounts Payable automation FAQs, with our honest answers… FAQ 1: How many languages are supported by the platform? We are able to capture, read and process any incoming document regardless of…
ITESOFT Insight… AP Automation FAQs
Another set of AP Automation FAQs with a difference. We felt it was time to highlight a few more of your AP automation FAQs. Again, with our honest answers… FAQ 1: Do we have to use ITESOFTs analytics? No. This is an optional extra. If your business already owns business intelligence software it rarely…
Finance as a Function: Moving From A Reactive To A Proactive Strategy
As we find ourselves working in more agile ways, it becomes necessary to re-examine our finance function as part of the overall need to change the way we work. Traditional financial forecasting, planning and reporting no longer fulfils the needs of the modern workplace. We now need to find ways to proactively manage our financial…
What Does Digital Transformation In Shared Services Really Mean?
It may be the hot phrase of 2019 for shared services…but what does digital transformation really mean for shared services? The key word here is transformation. Digital transformation is not the same as more automation. It’s about re-imagining your processes and transforming your operations – putting technology at the core of your service. Uber, for…
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…
Does My Company Need Electronic Invoice Software?
In an effort to digitalise purchase-to-pay processes, many businesses will procure electronic invoice software, but how do you know which software best suits your business or if you even need any at all? In order to establish the need for electronic invoice software, you should start by ensuring you know your current AP processes and…
AP Automation: How Much Could You Really Save?
Are you struggling to get your senior management on board with AP automation? Does your CFO start participating in the ‘Bird Box Challenge’ whenever you try to show him your chosen solution? Perhaps this is because you are focusing too much on what the AP automation solution will do, or alleviate, and not enough on…
What Are The Most Likely Industry 4.0 Trends of 2019?
During 2018 the news was awash with stories of Industry 4.0 trends. So what can we expect in 2019? Well, I imagine probably more of the same, if truth be told. IoT, 5G, Digitalisation, Smart & Wearable Tech, RPA and Robotics are all likely to claim vast amounts of column space throughout 2019. IoT The…
What is Metadata and Why Should You Care?
In the world of digitalisation, the term “Metadata” is used quite often. But what is Metadata? Descriptive strings of data that reference activity or other data Fields of information allowing accurate filtering of data Automated data which cannot be manipulated or changed after creation Why is it of benefit to your organisation? Allows an insight…
Is Making Tax Digital for VAT an Accounts Payable Issue?
On the 20th November 2018 ITESOFT hosted a webinar focused on the latest legislative change to impact on Accounts Payable, Making Tax Digital for VAT and asking whether this is an Accounts Payable Issue. “Making Tax Digital for VAT requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital…
What is the Cost of Paper Processes to the Care Industry?
The NHS has been targeted to go completely paperless by 2020, highlighting the cost of paper processes. For many years the use of paper in data intensive industries, has and continues to compromise productivity, hampering progress. We could say that this alone is the cost of paper processes. This is no more apparent than within…
Daily Duties, Why Should They be Automated?
Automation in the workplace is a major focus… New and improving AI and RPA are removing organisations simple, repetitive tasks, so why should your daily duties at home be any different? Automation is quickly moving into our lives and households, just like 80’s movies predicted, from wearable technology in Back to the Future, to robot…
Business Process Automation: What Will be Left for People to do?
Digital transformation is revolutionising the way business processes are managed. Rather than merely evolving over time, processes are undergoing wholesale change in order to adapt the challenges faced by digital businesses, and yet while advances such as digitalisation, BPM and the introduction of AI have obvious benefits, many workers regard them with fear. How can…
BPM: What Role will Humans Play in the Digital Transformation of Business?
François Bonnet, Marketing Product Manager ITESOFT, stepped into the limelight during the 5th edition of the famous bpmNEXT event in Santa Barbara (United States). As well as addressing the tech sector’s hottest topic – the emerging role of AI in our organisations – François touched on the role humans will play in the forthcoming digital…