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Archive for Invoice Automation

DT Group automates 2mln supplier invoices thanks to Medius

DT Group automates 2mln supplier invoices thanks to Medius

In its Shared Service Center DT Group will implement Medius’ products MediusFlow XI Invoice, MediusFlow XI Match and MediusFlow XI Contract for supplier invoices from Denmark, Sweden, Norway and Finland. Medius has to be integrated into 3 different ERP-solutions and has to proof that it can replace three different existing systems DT Group.

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Increase your AP Automation with these 5 proven working capital strategies

June 9, 2014  |  Events, Invoice Automation

Studies show that working capital initiatives deliver as much as 10 times the value of accounts payable (AP) automation alone. Successful AP managers are increasingly turning to early pay programs and dynamic discounting to drive their AP success. To learn how you can use AP automation to strengthen supplier relationships and generate huge savings, view this webinar from Basware and industry veteran Tom Glassanos.

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

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

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

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

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

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?

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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