ITESOFT Blog

E-invoicing around the world: what is the current situation?

laurent.olier@itesoft.com (Laurent Olier) — Fri, 05 Dec 2025 13:29:39 GMT

5 Biggest Mistakes in Accounts Payable and How to Fix Them

cathryn.brimhall@itesoft.com (ITESOFT) — Wed, 14 May 2025 11:00:00 GMT

Accounts Payable Fraud: How it Happens, How to Prevent it

cathryn.brimhall@itesoft.com (ITESOFT) — Wed, 23 Apr 2025 11:00:00 GMT

There will always be people who will look for flaws or weaknesses in your processes that they can exploit. Fortunately, there is a lot that technology can do to help you prevent fraud in the procure-to-pay cycle.

ViDA Directive: electronic invoicing at EU level

laurent.olier@itesoft.com (Laurent Olier) — Wed, 09 Apr 2025 07:24:07 GMT

ViDA Directive: a new EU-wide VAT system

Combating tax fraud

For the Member States, the objective is clear: to better combat tax fraud linked to intra-Community trade, which costs them several billion euros every year.

Digital Tools and Disruptive Technology in the Public Sector

cathryn.brimhall@itesoft.com (ITESOFT) — Wed, 02 Apr 2025 07:54:26 GMT

When we talk about disruptive technology, many people immediately think of outlandish and extreme changes in workflow and behaviour. However, there are plenty of small changes and simple tools we can use to create a smarter, more efficient workplace.

Finance automation: Preparing the Future of AP Functions

cathryn.brimhall@itesoft.com (ITESOFT) — Wed, 12 Mar 2025 00:00:01 GMT

What is the best way to prepare for automation in finance?

Understand and carefully detail what your current AP processes look like. Be sure to include, and highlight, problem areas.
Engage with colleagues and understand how your processes and pain points impact the wider business.
Build a multi-disciplined team to head up your process review, and any subsequent project. Involving more people in this offers a chance for new ideas and insights.
Do your research, what information can you find that highlights best practices for Finance and Accounting department?
Detail your “as-is” and your “to-be”. Use a partner for this if you are unsure of the best approach.
Involve your IT team, find out what tools they already have that could be used.
Using your team of experts, understand what impacts your project could have on the wider business.
Ensure communication to a wider community, explaining what is being explored and how this can bring them benefit.
Design a phased approach to automation, starting with some small areas that could yield quick wins.
Make sure that the project plan is adhered to, from costs to timescales, and ensure that this information is open and clear for scrutiny.

As with any significant project, there are always some key steps that you should consider taking, automation in finance is no different. These are just some of the key considerations.

Financial Reporting: How to accelerate and optimise it?

laurent.olier@itesoft.com (Laurent Olier) — Mon, 03 Mar 2025 11:26:05 GMT

New priorities for CFOs: cash management and performance management

Facing an uncertain environment

The unstable economic and geopolitical environment, coupled with fluctuating interest rates and persistent inflation, is imposing new priorities on finance departments. According to the 2024 PwC-DFCG report, cash management and performance management are becoming the top two priorities for CFOs. The testimony of a CFO interviewed in the study is particularly enlightening in this respect:

AI ACT: Is responsible AI the future?

christophe.baudouin@itesoft.com (Christophe Baudouin) — Tue, 09 Jul 2024 07:59:51 GMT

AI ACT: how to analyse the new European legal framework?

Alexandre Rispal - The Council of Europe^[1] has just ratified the text on responsible IAs, voted through the European Parliament last March 2024. This legal framework will also be open to non-European countries. The AI ACT is a milestone. Faced with the rise of these technologies, Europe is adopting legislation^[2] that aims to promote responsible AI practices with systems "(...) safe, transparent, traceable, non-discriminatory and environmentally friendly". We use algorithms every day to get around, to shop, to book our doctor's appointments. The AI ACT is unique in the world. This regulation is in line with the fundamental rights of citizens and CSR^[3] in the same way as the GDPR on respect for personal data. AI ACT aims to protect with responsible AI models. And this with a clear framework.

Processes, the key element of digital transformation

Thierry Moncoutié — Thu, 02 Jun 2022 09:49:26 GMT

To celebrate its entry into Gartner's Magic Quadrant for iBPMs, ITESOFT invited about twenty customers to an exclusive evening at a prestigious location in the heart of Paris. The goal was to share feedback, good practices, and other useful knowledge regarding digital transformation processes. It’s the very definition of a current issue: “85% of decision-makers surveyed feel that digital transformation will have a major impact on their operational processes in the next 12 months*” Opening the evening, Stéphane Houin – Partner and Leader of XP Finance Digital Offerings at CGI – spoke on the topic: “Digital Transformation: Automation and Artificial Intelligence, the next disruption for the business world.” His observation is clear: “France is still behind in terms of digital transformation.”

From OCR to Intelligent Document Processing: a new era!

laurent.olier@itesoft.com (Laurent Olier) — Wed, 01 Jun 2022 10:22:18 GMT

Given today’s challenges related to digitalising customer relations, coupled with necessary productivity gains, automated document processing now plays a strategic role. New solutions are emerging, from OCR to the latest advances in machine learning and artificial intelligence. Frédéric Le Bars, Innovation Director at ITESOFT, talks about this revolution already in progress.