LIDL fully automates their accounts payable process
With ITESOFT's Streamline for Invoices, we achieved a 95% automation rate in less than 2 months, with 70% of our invoices processed with "zero touch"
per year
invoices
rate
Enhance your performance
Automate your Procure-to-Pay cycle, improve your processes and get a 100% visibility
- Increase productivity
With an average processing cost of $23 per invoice when the best are spending less than $3.19, AP automation is an essential cost-saving element.
- Control fraud
More than 7 out of 10 companies were victims of attempted fraud in 2020, with fake suppliers accounting for almost half of the cases. A P2P automation must natively integrate anti-fraud technologies.
- Monitor performance
Data is a key lever of P2P. Digitalizing the full process makes possible to establish dashboards and KPIs, and therefore optimize accounting performance.
- Speed up processing times
15+ days on average for processing a single invoice. Finance departments can have real-time visibility and focus on more analytical and collaborative projects
- Comply with regulatory requirements
Audit trail, Making Tax Digital, Duty to Report, Prompt Payment Code… an increasing number of constraints. The digitalization of P2P puts them under control.
- Improve supplier relations
Answering requests takes up to 22% of the time of accounting teams. Managing the supplier lifecycle is an increasing challenge.
With an average processing cost of $23 per invoice when the best are spending less than $3.19, AP automation is an essential cost-saving element.
More than 7 out of 10 companies were victims of attempted fraud in 2020, with fake suppliers accounting for almost half of the cases. A P2P automation must natively integrate anti-fraud technologies.
Data is a key lever of P2P. Digitalizing the full process makes possible to establish dashboards and KPIs, and therefore optimize accounting performance.
15+ days on average for processing a single invoice. Finance departments can have real-time visibility and focus on more analytical and collaborative projects
Audit trail, Making Tax Digital, Duty to Report, Prompt Payment Code… an increasing number of constraints. The digitalization of P2P puts them under control.
Answering requests takes up to 22% of the time of accounting teams. Managing the supplier lifecycle is an increasing challenge.
Our unique approach to Procure-to-Pay digitalisation
Automate your processes in a full secure manner
Discover in 3 min how to:
- Achieve maximum automation rates
- Obtain reliable accounting data
- Ensure full compliance of your processes
Streamline Invoices
The most complete, efficient and secure Procure-to-Pay solution
Our cloud solution covers the entire Procure-to-Pay cycle and capitalises on over a 1000 projects to deliver exceptional automation levels.
Guaranteed reading rates
92% confirmed in production by our customers
Maximum flexibility
Compliance and fraud risk management
150+ consistency checks applied (amount, IBAN …)
Why choose ITESOFT?
With more than 40 years of experience in the field of Intelligent Document Processing and business process automation, we ensure your success.
Technologies
A unique combination of OCR, AI and expert systems technologies
Business Expertise
Over a 1000 digitalisation projects with 650+ customers
Support
Fast, easy implementation with our innovative Quickstart method
Security
ISO 27001:2022 certified for all services provided by ITESOFT SaaS solutions
Calculate your ROI from digitalising your P2P with Streamline Invoices
News
Fighting against fraud is no longer an option
Fraud is a real topic : falsified invoices, false bank transactions, fake suppliers…
1 company out of 3 suffered more than 5 fraud attempts last year.
To respond to this growing threat, finance departments must now have tools capable of detecting fraud systematically, before any payment, and not only on data, but also on documents. Thankfully, these tools exist.
Insight
Data quality, the crux of the matter
Data is at the centre of digitalisation initiatives. Based on exclusive AI technologies, ITESOFT commits to deliver an automation rate of over 85% in data extraction from invoices. Our customers confirm more than 92% in production.
Focus
Place your suppliers at the centre
The quality of the supplier relationship is a performance lever. Digitising the Procure-to-Pay process is a unique opportunity for transforming it into a strategic asset.
A supplier portal releases accounting teams from 25% of their administrative tasks while offering real-time visibility to your suppliers. Supplier Relationship Management features make it possible to address KYS (Know Your Supplier) requirements, collaborate in real-time and optimise sourcing.
replay
TOP 5 P2P TRENDS
2021 Survey Results Revealed
- Ellen Leith - Editor PPN Network
- Alan Brown - Sales Consultant ITESOFT
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