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EInvoicing & Automation

E-Invoicing: Making it Happen across the UK Public Sector

Guest article by Stephen Carter, Head of e-Invoicing, Basware UK

It is clear that e-invoicing is an essential part of an efficient financial supply chain. But it isn’t simply a matter of sellers emailing invoices to buyers as PDFs – it’s far more. The real public sector savings come from the removal of paper and PDFs from the whole process – from ordering through to invoice capture and processing, approval and posting – even payments. This is an important distinction to make, especially if the UK public sector are to achieve the estimated £2bn in cashable efficiency savings.

In AP automation - one size does not fit all

Accounts Payable automation solutions come in a variety of shapes and sizes, ranging from raw technology (capture, workflow) to purpose-built solutions, applied to sub-processes or the end-to-end process, including purchasing. During the adoption process, companies typically identify the focus of their automation initiative (what is slow and cumbersome, error-prone, or costly), research vendors of proven technologies, including delivery and support. Once the solution is selected, next is the implementation process, deployed according to organisation’s specifications. Beyond insuring that the solution is appropriate for a modest increase in the volume of invoices processed, there is little focus on how the solution will need to evolve in the future.

Predicting the Future of AP Automation

Guest article by Dermot McCauley, VP BPM & Case Management, Kofax - a Lexmark Company

A modern financial system is the foundation for automation. Complete accounts payable automation solutions are a relatively new product category for financial operations professionals. Advanced technologies such as mobile, social networking, and intelligent dashboards are very slowly being integrated into offerings and adopted by enterprises.