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?

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

Bruntwood Limited choose ITESOFT Streamline for Invoices to continue their investment into AP Automation.

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 offices in 4 other

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

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 language.

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 makes

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.

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