Supplier invoice processing is much more than just an accounting issue. It represents a cost center, a source of disputes, and the subject of countless constraining regulatory changes.
A key process for any organisation, invoice processing not only has an impact on competitiveness and cash flow, but it also affects the image reflected by finance departments with respect to their internal and external partners.
Digitalisation takes on these challenges as a lever for transformation in the digital age.
Originally offered with on-premises platforms for companies to deploy internally, or through services externalised via Business Process Outsourcing (BPO), solutions have evolved progressively toward the Cloud as a means to target companies of more modest size.
However, none of these approaches has proven entirely satisfactory. Today, only a new-generation solution can meet the needs of every organisation with maximum performance and agility, regardless of their structure, size, or invoice volume.
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In an increasingly digital world there is no room for lost time as a result of bottlenecks, delays with the circulation of paper, lack of visibility or numerous errors and fraud risks linked to a poorly controlled process. Small or large, all companies are faced with these problems.
The digitisation of supplier invoices, and the digitalisation of financial processes propels organisations and businesses towards greater productivity and operational efficiency with a significantly improved image.
Speed of action, transparency of processes and actionable corporate responsibility can all be assisted with cloud based applications and platforms.
In a challenging geopolitical landscape, where long held assumptions around the fundamental principles of world economics are being questioned, many organisations are looking to new ways of thinking and technology to protect them against risks and take advantage of opportunities...
For many years we have heard that e-invoicing will completely remove the need for paper invoices, OCR will die and that suppliers and buyers will all adopt e-invoicing. Yet, according to Billentis, as of early 2018 it was reported that 90% of all invoices globally were still processed manually...