Invoice Processing

Invoice fraud costs Australian businesses $A128M each year. Australia’s Sypht has introduced three new features to its capture and document processing platform designed to improve time and costs efficiencies and reduce the impacts of fraud.

US firm ancora Software has filed a patent application for the way its ancoraDocs software can correctly identify data fields that must be captured from documents potentially distorted during the scanning process.

When virtually any business workflow can be automated, which do enterprise executives say are the most important and deliver the greatest value? That’s the focus of an Intelligent Automation Benchmark Study just published by Kofax.

E-invoicing is not a new concept. Electronic invoices have been around for a while, in several different formats, standards, and names. All claiming to connect buyers and suppliers digitally and more efficiently.

As the adoption of Peppol eInvoicing continues to accelerate across Australia and NZ, there are some organisations that remain hesitant about exchanging procurement documents via the Peppol network. 

Esker has announced the launch of Esker Pay, an extensive set of integrated payment capabilities and strategic Fintech partnerships to help businesses unlock cashflow.

EzeScan’s Blackbaud Financial Edge NXT accounts payable solution is now available as a SaaS offering in the EzeScan CLOUD.  This means fast deployment with an affordable monthly subscription, without the software, hardware, or management headaches. 

US Start-up Mindee, the creator of an API platform designed for developers to eliminate manual data entry, has emerged from stealth mode and announces today that it has raised $US14 million. Mindee helps developers automate workflows in their applications by standardising the document processing layer.

Centsoft has announced invoice OCR processing and scanning for Microsoft Dynamics 365 Business Central. The cloud-based platform captures invoice data from either emailed or paper invoices.

E-invoicing is an innovation that provides benefits for every business. It is simple to get started, and works seamlessly in the background for most organisations. But less than 1% of businesses in Australia use this service. Why is adoption so low?