Thurrick Council aims to save GBP 900,000 in 2014 thanks to einvoicing

June 2, 2014  |  E-procurement, Europe, Government, Invoice Automation  |  Comments Off

Thurrick Council aims to save GBP 900,000 in 2014 thanks to einvoicingThurrock Council near London hopes that the move to e-invoicing and invoice processing will substantial savings of around £900,000 in 2014 alone.
It is unclear however whether the £900,000 savings are based on 100 per cent adoption of e-invoicing by all suppliers.

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E-invoicing, E-procurement and AP Automation bites you may have missed

May 30, 2014  |  E-procurement, Electronic Invoicing, Invoice Automation  |  Comments Off

We continuously collect news items that for some reason don’t make it to a full post here at the E-invoicing Platform. News from the world of on e-invoicing, payments, invoice automation, order to cash, purchase to pay, compliance or e-procurement. And because we do want to give you the opportunity to get informed about what is going on all over the world, we provide you with this news flash.

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20/20 vision Software achieves a Microsoft Gold Application Competency

20/20 vision Software is proud to announce it has attained a Gold Application competency as a Microsoft Partner. 20/20 vision Software has demonstrated a “best-in-class” ability and commitment to meet Microsoft Corp. customers’ evolving needs in today’s dynamic business environment and distinguishing itself within the top one percent of Microsoft’s partner ecosystem.

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United Biscuits processes 54.000 purchase invoices a year in JD Edwards with ISProjects

May 21, 2014  |  Europe, Invoice Automation  |  Comments Off

United Biscuits Northern Europe processed annually about 54,000 incoming invoices into JD Edwards. These invoices are processed and booked in five different companies in three countries and in three different languages.
Spread over several (sub)sites nearly 150 people are involved in the capture, booking, approval and further processing of the incoming invoice flow. There was a need for improved efficiency of invoice processing.

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Medius North America awarded with ReadSoft partner of the Year 2014

May 20, 2014  |  Events, Invoice Automation, North America  |  Comments Off

Medius has been awarded with the prestigious ReadSoft Partner of the Year Award in North America. The prestigious award was presented by the President and CEO of ReadSoft North America Bob Fresneda at the ReadSoft North America User Conference.
Henry Ivarsson, General Manager of Medius North America: “Our partnership with ReadSoft is of great importance to us, therefore it is an honor that our efforts are being recognized in this way. Medius is growing in a rapid pace in the North American market, and our partnership with the team at ReadSoft is a central part in this development.”

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GE contracts Tungsten Network to process over 16 mln einvoices per year

May 19, 2014  |  Electronic Invoicing, Invoice Automation  |  Comments Off

Tungsten Network (Formerly known as OB10) has been contracted by General Electrics to rollout a multi-year electronic invoicing and adoption programme into every GE location on the world. The potential invoice volumes to be processed can grow to as much as a whopping 16 million per year. GE also decided to use Tungsten’s Invoice Status Service: to give suppliers visibility of the status of their invoices.

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BREAKING: Lexmark wants to buy Readsoft for $US182 million. Cash.

Lexmark International, has announced that it has made a $US182 million cash offer for ReadSoft. The offer has been unanimously recommended by ReadSoft’s Board of Directors. Since acquiring Perceptive Software in 2010 for $US280 million, printer giant Lexmark has been acquiring a suite of document capture process and content management offerings. Such as Pallas Athena in 2011 for $50.2 million. ReadSoft will now be added to the Lexmark portfolio if the offer is accepted.

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From OB10 to Tungsten. What has been accomplished in 2014 sofar?

April 29, 2014  |  Electronic Invoicing, Invoice Automation, Supply Chain Finance  |  Comments Off

Every now and then OB10 Tungsten provides us with an update on their transition from an e-invoicing service provider to a supply chain finance provider. As as a supply chain finance provider the e-invoice is just a means (though a very important one) to provide the valuable services in the near future.

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White paper: Finding Cash in a Cash-Strapped World [whitepaper]

April 28, 2014  |  Invoice Automation, Publications, Research  |  Comments Off

This study of best-in-class AP automation practices demonstrates that current processes are not working for nearly 80% of corporations. Until executives understand the power of the financial supply chain and set aside budget to institute these technology-driven improvements, these inefficiencies will continue.
It also show that non-efficient companies simply cannot compete with efficient companies that optimise their financial supply chains.

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Corcentric Implements COR360 AP Automation for Professional Sports Organisation

April 25, 2014  |  Invoice Automation, North America  |  Comments Off

Corcentric announced an agreement to implement its AP automation solution COR360 for one of the US nation’s leading professional sports organisations.
The integration of COR360 into the organisation’s Accounts Payable processes will help the organisation fill the automation gap related to their invoice workflow and to eliminate the use of paper invoices.

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