Every month, CALL INC. receives orders and over 250 invoices from its largest trading partner. And the company, which services the pharmaceutical industry through three subsidiaries, would manually validate and enter all of them into its accounting system. Not only was the process time consuming, it was costly.
CALL INC. had been using the Ariba(R) Network to manage purchase orders and invoices with a key customer. Then McMorris found out that she could connect Intuit QuickBooks – the company’s accounting system – to the network. And everything changed.
Using the Ariba Integration Connector, powered by Dell Boomi, CALL INC. was able to completely integrate POs, invoices and order confirmations between the Ariba Network and QuickBooks and drive game-changing improvements in efficiency and overall business performance.
Invoiceware International and Sun Chemical (the world’s largest producer of printing inks and pigments) extended their cooperation to manage invoice compliance across multiple countries. With Invoiceware International’s SAP® electronic invoicing applications and On Demand Latin America E-Invoicing Network, Sun Chemical eliminates the burdens associated with maintaining different solutions in each individual country.
“The electronic invoicing regulations in Latin America are complex and difficult to maintain in combination with a global deployment of SAP ERP,” said Aldo Magenes, SAP Analyst at Sun Chemical. “Our evaluation came down to the following key requirements: Sun Chemical required a multi-country platform that offered both outbound and inbound process improvements, deep domain expertise in SAP ERP, and multi-lingual enterprise support. With Invoiceware International, our teams will be able to focus on growing our business rather than focusing on researching, implementing and reconfiguring our SAP system to meet the annual changes in Latin America.”
Once every month we allow ourselves to bring you non e-invoicing and invoice automation news. Last year the SAP whale dropped $4.3 billion to buy Ariba and its huge online marketplace; the year before that it acquired Crossgate, a specialist in business-to-business e-commerce. This year SAP entered a $37 billion e-commerce market by buying hybris, an e-commerce platform specialist. Food for thought for all of you that like to reflect on what SAP’s strategy might be and how it affects the e-invoicing arena ;-).
“The combination of hybris’ commerce platform with the flagship in-memory platform SAP HANA, analytical and cloud applications, and the SAP Jam social software platform will give SAP a significant edge in delivering new levels of customer insight and engagement across all channels.”
The Ariba business network connects 1.000.0000 suppliers and buyers across 190 countries and handles an whopping annual transaction volume of $450 billion. The Ariba management believes African businesses can leverage its platform as a resource to strengthen their procurement processes.
SAP/Ariba is not new to the African market. It has experience in dealing with established mining operations via its acquisition of procurement support organisation and eMarketplace-focused entity Quadrem in 2010.
Gartner announced the 2013 Supply Chain Top 25. And guess what. GXS powers 22 of Gartner’s 2013 Supply Chain Top 25* through GXS’ cloud-based integration platform, called the GXS Trading Grid. GXS Trading Grid enables customers in industries including automotive, retail, high tech and consumer products to exchange information electronically with their customers and suppliers.
The Supply Chain Top 25 rankings comprise two main components: financial and opinion. Public financial data gives a view into how companies have performed in the past, while the opinion component provides an eye to future potential and reflects future expected leadership, a crucial characteristic. These two components are combined into a total composite score.
One of your time-consuming challenges as a modern organisation is of course dealing with the thousands of invoices you receive every month. From understanding what a specific invoice refers to (vendor, project, purchase order, and so on), to workflow and payment. All in all there is plenty room for improvement.
Top Image Systems helps you to get to grips. There recent white paper covers the up-to-date principles of account payable process automation: what are the drivers for AP automation, what are the immediate benefits, and how should an enterprise go about implementing an end-to-end automation system of its AP processes.
According to a NACHA study of 1,000 US billers, direct payment via ACH (bank transfer) is THE leading US method consumers use to pay their bills.
Read MoreSpring has sprung and so has the events calendar. Tradeshift has some very informative webinars on the horizon and registration is open.
First, on May 30th, they’ll be discussing how Tradeshift addresses many of the challenges faced by finance, AP and shared services departments. Find out how you can get closer to the companies you do business with in the fastest growing network of connected suppliers.
Next, on June 5th Tradeshift will discuss the recent partnership we formed with Intuit and the benefits it delivers to global enterprises. Find out what the partnership means to the enterprise market, what the current integration consists of and what the future of the partnership holds.
Eleven years since the first release of Mediusflow, Medius unveils Mediusflow XI, a Accounts Payables Automation and Workflow solution. Mediusflow XI is built for the cloud leveraging Microsoft’s Windows Azure cloud platform.
Mediusflow XI enables the highest possible level of automation and control of corporate financial processes. Mediusflow allows users to process invoices and documents from any platform – mobile, tablet or computer and features intuitive drag-n-drop functionality that allow organizations to simplify workflow creation and management.
In the last of his three guest blogs (read the first and second), Emmanouil Schizas, Senior Economic Analyst at the Association of Chartered Certified Accountants (ACCA), and a participant of the statistics working group for the European Multi-Stakeholder Forum (EMSF) on e-Invoicing, explains how the UK’s SME Finance Monitor Survey could show how e-Invoicing is helping businesses gain easier access to finance.
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