Archive for North America
With annual sales approaching $3 billion, GAF is North America’s largest manufacturer of commercial and residential roofing. The first move to an external invoice processing system, delivered less than stellar results: only an 8% touchless processing rate, dependency on buyers for invoice processing, and too much rogue spend.
With Ariba, GAF dramatically improved its straight through invoice processing rate while also driving compliance through extended use of catalogs and automated PO-invoice matching.
Ariba LIVE 2015, the premier business commerce event series designed to help companies unleash the power of business networks to seize the future and shape it to their advantage. Hosted by Ariba, an SAP Company, the series kicks off April 7 at The Venetian Las Vegas and will be followed by an event in Munich in June.
Read More
LegalShield (an Oklahoma-based provider of pre-paid legal services), Local Government Information Systems (LOGIS, an association of local government municipalities in Minnesota), and Agnico Eagle Mines (a major mining company headquartered in Toronto with primary operations in Quebec) selected Tungsten to deliver invoice automation workflow and advanced data capture technology.
Read MoreInvoiceware International announced a 480 percent quarter-over-quarter growth compared to Q3 2013. It signed 21 new deals this quarter alone and increased sales in all markets served – Mexico, Brazil, Chile, Argentina and Ecuador. And, adding to the momentum, Invoiceware International has expanded its fiscal reporting solutions, offering complete compliance support for eContabilidad mandates in Mexico.
Read More
Taulia is a major provider for supplier financing and announced a 185% increase in year-over-year revenue during the third quarter of 2014.It also raised $13 million in a Series D funding. And it announced with the Royal Bank of Scotland to offer dynamic discounting and e-invoicing. And there is more!
Read More
Like many companies, Konica Minolta relies on an extensive global network of partners. To connect with them and execute critical business processes, Konica Minolta will utilize the Ariba Network. Used by more than 1.6 million companies in 190 countries to discover, connect and collaborate around more than half a trillion dollars in commerce on an annual basis, the Ariba Network is the world’s largest web-based trading community.
Read MoreEvery year this domain generates a vast amount of research reports. Together they somehow provide a birds eye view of the e-invoicing and AP automation landscape. However sometimes you’d have to ask yourselves whether a research delivers statistically relevant data. As in this case where a 1 billion waste claim was based on result from a mere phone survey of 80 people. Is this the way to go?
Read MoreAccording to Euromoney’s 2014 cash management survey, over 60% of a record 28,000 treasury professionals from non-financial corporates and financial institutions want to see the universal use of a common electronic bank billing standard, with Asia Pacific based treasurers the highest by region among them at 68%. By comparison, 50% of Europe based treasury professionals want it.??
Read MoreThyssenKrupp will connect to the network to streamline purchase orders and invoices and realize the following business benefits (1) efficient collaboration with more than 10,000 suppliers, (2) procure-to-pay process efficiency through purchase order and invoice automation and (3) the ability to automate nearly 1 million invoices a year.
Read MoreWe earlier already mentioned that Tungsten was in the process of buying Docusphere. Tungsen now announced that is has successfully completed its acquisition of DocuSphere in September 2014.
This deal significantly extends Tungsten’s goal to help companies streamline their AP, adhere to tax and regulatory compliance, and have greater transparency of the entire invoice-to-pay process.
