Invoice Processing

How to address key challenges in accounts payable processing

Traditional approaches to accounts payable (AP) are changing and the focus is shifting from seeing AP as a cost centre to recognising it as a profit centre. To manage this change, organisations need to stop viewing AP through the lens of bookkeeping and bill payment, and begin to think about compliance, forecasting, extensive reporting, and working capital management, according to Upstream Solutions and ABBYY.

Google finds new Document Understanding

Among a range of new artificial intelligence (AI) tools announced by Google this week is Document Understanding AI, promoted as a way to automatically classify, extract, and structure data within scanned documents

Ephesoft ANZ looks ahead to magical year

Russ Hubbard is Chief Revenue Officer at Ephesoft, the enterprise content capture and data solution provider. At the opening of Ephesoft's new ANZ HQ in central Sydney's Martin Place, IDM sat down with Russ to learn more about the company's local operations and global strategy.

Digital transformation delivers dividend for Khan’s Supa IGA

Khan's Supa IGA Group was established back in 1981 and currently operates 11 supermarkets with more than 800 staff located throughout NSW. Stores are located across a widespread NSW regional footprint include outback towns such as Bourke, Cobar and Lightning Ridge.

How to avoid fake invoice scams

Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices look legitimate and are often sent from a legitimate-looking email address, making it difficult for busy finance teams to spot the fakes.

Do PDF/A and Enterprise Content Management systems complement each other (perfectly)?

There are numerous tools on the market, including freeware, with which users can create PDFs. But are the results always satisfactory? Not always, as it can happen that a certain PDF file can be opened with one reader and not with another.

Esker Australia Launches New Cash Collections Management Solution

Esker has announced the launch of its Collections Management automation solution in Australia, building on the success of the solution in the U.S. and France. Esker’s cloud-based solution optimises collections management by decreasing costs, accelerating payments and reducing DSO (Days Sales Outstanding).

Fuji Xerox, Esker team up for AP Automation in the cloud

Fuji Xerox has announced a partnership with Esker to offer a cloud-based Accounts Payable (AP) Automation Solution across the APAC region. The joint offering is based on a platform initially developed by Fuji Xerox New Zealand for customers in the construction, retail, business and education industries.

Smarter Digital Workers to Handle Unstructured Content

In today’s world, enterprise organisations increasingly rely on digital automation to deliver the greatest level of efficiency and customer experience. A catalyst to an organisations digital transformation journey has been robotic process automation (RPA), creating a new class of digital workers that replace or augmented many office employee jobs increasing efficiency, scale, and speed at which work can be done.

Cbus transforms finance with Valtatech

One of Australia’s largest super funds, Cbus Super, has chosen financial process automation experts, Valta Technology Group, to implement, integrate and manage a Source to Pay solution to drive automation across its accounts payable, financial and procurement process functions.

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