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

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 electronic 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%

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 today. Now is the best time to be looking to automate. If your company is moving into the start of

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

Risks Associated With Accounts Payable

Have you looked at a couple of key areas where fraud can be a risk, payment processing issues, and how to resolve these problems? It is time to gain from insights into how to avoid some of the associated risks when processing invoices and capitalise on the advantages of financial automation. Two types of fraud

PPN P2P Transformation Summit 2019

PPN P2P Transformation Summit 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 an event it was! Taking place at the Hurlingham Club in Fulham