/ Optimize supplier processes:
a strategic challenge for increased returns
Among the highest business costs, the process of “supplier purchases” plays a significant role in attaining profits. Company performance depends on the increasingly strategic role of financial departments and accounts payable.
At the same time, governments, under the leadership of the EU, encourage the deployment of unsigned electronic invoice, while strengthening requirements for reliable audit trails, thereby encouraging dematerialization and automation by means of clearly documented and auditable processes.
The software suite SCPA for Suppliers has capitalized on controlling the capture and management of ITESOFT processes for more than 20 years to deliver a complete performance solution for customers with an annual volume exceeding 30,000 invoices.
CAPTURE YOUR SUPPLIER INVOICES
ITESOFT.FreeMind for Invoices is dedicated to processing supplier invoices. The technology for capture optimized for these types of documents, has a substantially high recognition rate that ensures the management of very large volumes of invoices with minimal manual intervention.
In addition, the multi-channel approach of ITESOFT.FreeMind for Invoices facilitates the capture and centralization of all received paper or electronic invoices, EDI (Electronic Data Interchange) or PDF invoice received by email… on a single platform.
AUTOMATE PROCESSING YOUR SUPPLIER INVOICES
Supplier invoice processing is a highly regulated process, given the stakes involved: collection of VAT, fraud… ITESOFT.Balance conducts verifications and reconciliations with ERP (Enterprise Resource Planning), and ensures the conformity of the invoice with the purchase order or other internal documents. The completed processes are used to build a Reliable Audit Trail, with minimal manual intervention.
ITESOFT.Balance is SAP® and ORACLE® certified and can also connect to any ERP offered on the market.
MANAGE AND SUPERVISE PROCESSING YOUR SUPPLIER INVOICES
ITESOFT.Dashboard gives you global vision and real time control over the entire process, from receipt of the invoice to payment. The data is logged to produce business reports: Status of outstanding monthly balances dispatched by currency, scoring suppliers, etc.
ITESOFT.Dashboard also can also consolidate all business information in multi-company environments, multi-ERP, multi-IS
STORE AND CONSULT YOUR SUPPLIER INVOICES
ITESOFT.Share can archive and circulate dematerialized invoices of the supplier management process. In addition, it provides immediate consultation of invoices from your ERP (Enterprise Resource Planning), with web or mobile access.
COLLABORATE WITH YOUR SUPPLIERS
ITESOFT.SupplierPortal is a collaborative exchange platform that enables your suppliers to submit their invoices or other administrative information and track their status, including the planned settlement date.
A real factor for optimizing supplier relations, the establishment of a collaborative portal enables structuring standardized and centralized exchanges with your suppliers.
DETECT SUPPLIER FRAUD
The ITESOFT.FDS module (SaaS Fraud Detection) integrates the management of supplier relations, to report suspicious items in documents (IBAN or bank account identities, the certificate of incorporation) or process (frequent change of bank account number, statistical analysis of the invoice balances…)
In addition, ITESOFT solutions can integrate electronic signature tools and/or timestamp documents to enable traceability and guarantee their integrity.
THE OPINION OF OUR CUSTOMERS ON THEIR SUPPLIER RELATIONS MANAGEMENT
CANAL & RIVER TRUST
Canal & River Trust has chosen ITESOFT, the leading developer of automated document capture, processing and management software solutions, to supply an advanced invoicing solution to streamline their Accounts Payable process. The company will also use the solution to process and post their expense forms.
CPP Group Plc
“CPP Group Plc speeds up the capture and processing of 2 million business forms with ITESOFT’s suite of document capture, processing and management software”
Oxford Health NHS Foundation Trust (OHFT) chose ITESOFT, a leading developer of automated document processing and Purchase-To-Pay (P2P) solution, to streamline their Accounts Payable process. This forward thinking approach from OHFT was a driving factor in the evolution of their shared service centre in Oxford.
NEW PRACTICE OF FINANCE DEMATERIALISATION
P2P AUTOMATION SURVEY
– Free White Paper –
Multi-ERP Support, Mobility, Analytics, Supplier Scoring, Supplier Collaboration … Learn more about P2P Automation new trends…The P2P Automation Survey has offered the perfect opportunity for companies to benefit from this market intelligence tool to benchmark their practices.
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