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

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

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

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

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