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It's easy to lose track of all the established, new and emerging technologies that are transforming finance processes, especially in Accounts Payable.
It's also easy to get a bit put off by the hype surrounding RPA, AI, Machine Learning, Big Data and Analytics.
The reality is that these technologies are making a difference to AP processes, and are not only helping with effective management of supplier invoices, but also mitigating against loss and fraud.
The legislation is part of the UK’s government’s effort to protect small businesses from the crippling effects of late or non-payment: Small and medium sized businesses were owed around £26.8 billion worth of late payments in June 2015, according to government figures.
During ITESOFT’s recent webinar a number of trends would appear to be coming to light. The first, most striking element of the reports submitted, is how few there have been, and how many of those are incomplete. So far about 10% contain nothing more than a company name!