Archive for Invoice Automation

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.

Read More

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.

Read More

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.

Read More

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

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.

Read More

Corcentric Implements COR360 AP Automation for Professional Sports Organisation

April 25, 2014  |  Invoice Automation, North America

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.

Read More

44 of the best E-invoicing and AP automation news items in March 2014

We have gathered over fourty international news items, views and acquisition jubilee here at the E-invoicing Platform over the past couple of weeks - but if you missed it, the Monthly Recap of March 2014 is your humble servant.
Here’s every one of those stories from the entire month, waiting for you in an convenient format. So read what interests you, and then go out there and grab the benefits!

Read More

Corcentric provides Suburban Propane with COR360: state of the art AP automation

April 18, 2014  |  Invoice Automation, North America

Corcentric is about to implement its AP automation solution COR360 for Suburban Propane. Suburban Propan is a nationwide US marketer and distributor of energy-related products, including propane, fuel oil, and refined fuels.
The integration of COR360 into Suburban Propane’s Accounts Payable processes will help the company bridge the last automation gap related to their non-PO based invoice workflow.

Read More

“3 Ways to Audit Accounts Payable Performance” a Webinar for AP Professionals

A highly-efficient accounts payable department can have a substantial impact on an organization's bottom line and spend management. This Webinar will discuss the top three ways AP professionals can audit their internal controls and performance to position their organization for success in lowering costs and increasing operational efficiency.

Read More

Three recent developments in AP Automation from Top Image Systems

In a matter of weeks Top Images Systems, announced several developments; showing its increasing footprint in AP automation, scanning and mobility. The first example is that Top Image Systems and OPEN SCAN Announce a mobile image processing partnership. Next Top Image Systems and Konica Minolta Business Solutions Spain announces that they were going to deploy their eighth joint project.
Finally Top Image Systems announced to have won a $342,000 Multi-ERP AP Automation deal at a leading European dairy producer.

Read More

Candian North Airline Automates Invoice Processing With Palette

April 8, 2014  |  Invoice Automation, North America

Canadian North wanted to ensure that the 40,000 supplier invoices received annually are processed, approved and scheduled for payment quickly and efficiently.
The decision to deploy Palette was made to reduce the amount of time spent by personnel on administrative tasks involved with manual invoice processing, and minimise paper handling across the company. Canadian North also wanted greater control over its accounts payable operations, and improved visibility of the progress of invoices through the organisation.

Read More