Archive for Invoice Automation

Bouygues Telecom opts for Cegedim’s KISS solution to achieve its goal of 100% paperless supplier invoices

Cegedim e-business, a major player in electronic exchanges in Europe, has designed KISS (Keep Invoicing Smart and Simple) as an innovative and simple solution with the goal of encouraging broader adoption of e-invoicing. KISS incorporates the most recent regulatory developments and removes obstacles to e-invoicing, particularly for suppliers who only send a small number of invoices.

KISS gives Bouygues Telecom a full-featured e-invoicing solution

Bouygues Telecom had been working on its e-invoicing systems with Cegedim e-business for two years already, but wanted to ramp up digitisation with its partners across the board. By implementing signed pdf files and EDI, which are well suited to suppliers with medium to heavy invoicing volumes, the company had already cut paper invoicing in half. To reach its goal of 100% electronic invoicing by the end of 2017, Bouygues Telecom rolled out Cegedim e-business’ KISS in February 2017 in order to enroll all of its suppliers, even those who only send a small number of invoices.

Joël Blanchenet, Head of the e-invoicing project at Bouygues Telecom:
“We chose KISS because we wanted to offer our suppliers a tax-compliant e-invoicing tool that is simple, universal and accessible to everyone. We have been working hard to get the word out to our suppliers, and are already 65% paperless. Our suppliers have been enthusiastic about the project. They see it as a truly innovative step that benefits everyone involved.”

Régis Caminade, GIS Business Engineer at Cegedim’s e-business BU:
“User feedback for the KISS solution we launched in early 2016 is very positive. It lets purchasing departments and suppliers share a single tool that meets the needs of both sides. We are now starting a rapid roll-out of the new solution,” 

KISS, easy access to e-invoicing

KISS is free for suppliers to use and getting started is easy :

  • No software to install, access via an online portal,
  • Sign up in three clicks with a client invitation,
  • User-friendly interface.

The KISS portal gives users :

  • Multiple options for sending invoices: uploading, email, online entry,
  • A dashboard for monitoring invoice status in real time,
  • Compliance with tax rules for electronic invoices,
  • 24/7 access and secure data exchanges.

The solution also means faster payment for suppliers and a smaller carbon footprint.

 

Your business must be ready for e-invoicing by 2024, especially in LATAM and Asia.

Billentis estimates that the size of the global e-invoicing and adjacent market in 2017 is EUR 3.3 billion (USD 3.6 billion), and that it will reach approximately EUR 16.1 billion (USD 17.4 billion) by 2024.

Read More

New TrustWeaver launches “Sign-What-You-Scan”, complying with new French regulations

June 22, 2017  |  Compliance, Europe, Invoice Automation

This dedicated solution comprises the signing and time-stamping of the scanned invoice with an e-signature and time-stamp that meets French legal requirements.

Read More

PDF invoice processing by TrueCommerce [download]

TrueCommerce converts PDF invoices in to a standard XML document and verifies the PDF conversion process to ensure all invoice lines were included, and that the numeric values were interpreted correctly.

Read More

Lawyers Mutual adopts paperless invoicing powered by CloudTrade

CloudTrade's e-invoicing and e-document solution helps community of leading lawyers drive back office savings and boost efficiency

Read More
Introducing: the E-invoicing Yearbook 2017 - Q1 [Free download]

Introducing: the E-invoicing Yearbook 2017 – Q1 [Free download]

As each post is interesting and newsworthy by itself, this is increased when we sort these posts in the sections underneath. In the first quarter of 2017 alone we published 103 posts sorted into 'trendy' categories. Download the free 'E-invoicing Yearbook - Q1' right now, right here [PDF, 112 pages]

Read More

Pagero raises EUR 10 million for international growth

The company says it will use the funding to expand in Europe and North America, and to expand its workforce to 250 employees.

Read More

A winning e-invoicing program – Premier Foods [webinar replay]

Learn how Premier Foods streamlined their financial supply chain with their ‘Payment on Time’ climbing to over 90% and cost per invoice dropping in record time, achieving 100% of their mission critical KPIs with Taulia.

Read More

Robotic Accounting start up raises USD30 million investment

UiPath, a New York-based company that uses computer-vision to automate repetitive business processes involving software, has raised $30 million to help expand globally, according to DigitalCommerce360.

The move comes as companies increasingly look to artificial intelligence to solve the sorts of routine tasks, such as checking invoices and inputting data from human resource forms into databases, that they once outsourced to low-cost human contractors.

UiPath’s software, unlike most macros, can carry out tasks across any software the business is using. In addition, users can train the tool with a set of rules or steps for analyzing the data it is handling. For instance, it could look up data from an SAP system, check if it meets certain conditions, and then input it into a Salesforce database.

UiPath says that it has 200 customers, including Lufthansa, Generali, Telenor and Dong Energy. It also has partnerships with consulting firms Deloitte and Capgemini, which often recommend its products to their clients.

The market for what is known as robotic process automation software is expected to reach $8.75 billion annually by 2024, up from about $125 million in 2015, tech research firm Grand View Research wrote in an October 2016 report. Grand View estimated that these software solutions are, on average, 60 percent cheaper than using humans to perform the same tasks and cost 30 percent less than using contractors in low-paid countries, such as India.

With the $30 million new investment, UiPath said it will be adding more “cognitive capabilities” to its product, such as natural-language processing and document sorting, so that it can handle both structured and unstructured data.

Infographic: What’s the Forecast for your AP Performance?

April 28, 2017  |  Invoice Automation

Do you know what lies ahead for your department’s AP workflow? Tired of seeing your AP workflow through gray clouds and uncertainty? Find out how you can change your manual AP functions to automated processes.

Read More