More electronic invoicing news
Narvik municipality and Pagero sign agreement on e-invoicing
The Norwegian municipality Narvik has attached itself to Pagero e-invoicing network. The Narvik municipality currently receive e-invoices from multiple vendors. Their goal is to increase this share as soon as possible and in a cost effective manner.
The cooperation between Narvik and Pagero includes a joint activation of all suppliers that deliver to the municipality. Regardless whether these supplier already have an e-billing solution to there disposal.
The Pagero solution supports Narvik municipality’s desire to preserve their small suppliers’ ability to meet the demands of e-invoicing.
Deutsche Bank implemented Ariba PO Automation and Invoice Automation
Like many corporate organizations, Deutsche Bank uses SAP software to manage its financial business. And while SAP has made accounts payable a much more efficient function, Deutsche Banks has its sights set on:
- eliminating paper,
- increasing the speed with which invoices are processed,
- improving the efficiency with which invoices are matched to purchase orders (POs) and contracts,
- and capturing opportunities for discounts.
For that reason has implemented Ariba® PO Automation™ and Ariba Invoice Automation™ solutions within its SAP environment. To date this has allow Deutsche Bank to:
- Onboard thousands of suppliers for electronic processing
- Move from 100 percent paper invoicing to a goal of 80 percent electronic invoicing (and this comes the tricky part:) in some targeted regions
- Process more than 350,000 invoices into e-invoices annually
- Drive 70 percent of invoice transactions from purchase orders
KapStone Paper Goes Live with Dynamic Payables AX Edition
Illinois-based KapStone Paper a leader in unbleached paper and packaging decided to implement Dynamic Payables for AX from 5280 Solutions.
Before, KapStone Paper had an accounts payable (AP) department with these characteristics:
- They would manually process invoices being sent to manufacturing plants located in various parts of the country.
- Invoices would sit in a mail room or on a requester’s desk for several days before being hand coded and faxed or e-mailed to KapStone’s corporate office.
- The AP at the corporate office would scan invoices and file backup paper copies in storage racks, send e-mails to capture necessary approvals and manually code each item into AX.
This situation offered KapStone very little visibility and created challenging month end/quarter end close procedures. Further, KapStone was ill-equipped to handle their projected increase in business growth without relying on additional AP headcount.
5280 Solutions’ Dynamic Payables for AX is an end-to-end invoice automation solution built on the SharePoint platform. The web-based solution includes Optical Character Recognition (OCR), workflow automation, browser-based coding and approval forms and real-time integration with AX.
With the completed implementation of Dynamic Payables AX Edition, KapStone has been able to substantially reduce its manual processes by approximately 75%, with additional benefits of automation.
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