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EInvoicing & Automation

Applying Machine Learning to Optimise Finance Processes

Contributed article by Henner Schliebs, Head of Finance Audience Marketing, SAP

Machine learning is becoming a buzzword in nearly every industry today, and finance is no exception. As its applications and capabilities grow, machine learning is powering finance departments towards the next generation of digitalisation. Here are three ways finance professionals can embed machine learning to move up maturity in their financial management systems or go beyond the spreadsheet to uplevel their accounting and reporting capabilities to meet today’s business challenges.

How to move e-Invoicing forward in the public sector

Contributed article by Amabel Grant, Basware UK Managing Director and Chair of the UK National e-Invoicing Forum

Electronic invoicing (e-Invoicing) could save the public sector and its suppliers a minimum of £2 billion a year, according to the UK Government. Not only that, it can drive efficiency, increase visibility into cash flow, reduce fraud, open up new revenue opportunities, encourage prompt payment, and help boost growth across the supply chain by releasing cash into the wider economy. So with all these compelling benefits on offer, why is e-Invoicing adoption in the UK public sector still stalling?

2016 Survey Results Revealed - Collaboration, Payment Terms, E-Invoicing, Brexit

Despite a period of relative stability over the last year, very low levels of economic growth, combined with concerns relating to a possible (and now confirmed) Brexit as well as the destabilising events across Europe, have meant that the background for most organisations has remained challenging. So during the first three months of this year we took an in-depth look at how this was affecting the UK’s purchase to pay departments, the challenges they faced and their strategies for the future.

E-Invoicing - Some organisations just don't get it

Some organisations get it. They fully recognise the potential e-invoicing has to transform their business. Others, quite simply, don’t. Those in the second camp see e-invoicing only as a potentially faster way of paying suppliers, but with added implementation and process change costs, and anyway they're quite happy the way things are – so push it to one side.

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