Invoice Processing

Quadient has acquired YayPay, a company that offers SaaS accounts receivable (AR) automation solutions for $A28 million in cash. The acquisition of YayPay will expand Quadient’s Business Process Automation offer, complementing its cloud-based platform Quadient Impress, a multichannel document automation platform for small and medium businesses.

According to the Australian Bureau of Statistics, two thirds of Australian businesses reported revenue had decreased during the COVID-19 pandemic in comparison to the same period the previous year. This creates an immediate and urgent need for Australian business owners to reduce costs and improve processes for the future through digital transformation.

Esker has been certified as a PEPPOL (Pan-European Public Procurement On-Line) Access Point by the Australian Taxation Office (ATO) and the New Zealand Ministry of Business, Innovation and Employment (MBIE). This accreditation enables Esker to send and receive e-invoices to and from all entities using the PEPPOL network.

Ephesoft has announced the availability of Semantik Invoice, a cloud-based data acquisition product with an out-of- the-box artificial intelligence model designed to reduce costs by 30% and significantly cut the time to process an invoice while achieving accuracy by over 97%.

Deloitte UK and UiPath, the enterprise Robotic Process Automation (RPA) software company, have announced they are working together to deliver Deloitte Intelligent Document Processing (DIDP).

Compu-Stor has deployed a Kodak Alaris Info Input Solution for web-based, distributed capture, the first deployment of the solution in Australia following its launch in 2019.

Auckland-based Rental & Property Management company Goode Rentals has solved a headache in data processing for water charges utilising a sophisticated capture solution from PSIGEN.

Fuji Xerox will now market Esker’s cloud-based Accounts Receivable automation solution in the Asia-Pacific (APAC) region. This reseller agreement expands the partnership between the two companies, who are already collaborating on an accounts payable (AP) automation solution in the same region.

Today’s companies put huge efforts into negotiating the best terms with their suppliers. Procurement teams regularly spend weeks or months going back and forth on contract terms and volume discounts to get the most bang for their buck. Too often, these savings aren’t realized.

Epson has launched the WorkForce ES-500WR document scanner bundled with two software packages, Epson’s ScanSmart Accounting Edition Software and Nuance Power PDF software. Designed for small business and home users, the ES-500WR scanner has been specifically designed to streamline the processes of organising and sharing financial documents.

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