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

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

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

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

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

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,