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"

720K
invoices
per year
+60%
touchless
invoices
95%
automation
rate
LIDL - AP Automation_ 95% automation in 2 months

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 £19 per invoice when the best are spending less than £2.60, 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. Digitalising the full process makes possible to establish dashboards and KPIs, and therefore optimise 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 digitalisation 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.
Increase productivity

With an average processing cost of £19 per invoice when the best are spending less than £2.60, 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. Digitalising the full process makes possible to establish dashboards and KPIs, and therefore optimise 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 digitalisation 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.

Our unique approach to Procure-to-Pay digitalisation

Automate your processes in a full secure manner

Accounts Payable Automation Solutions Explained in less than 3 Minutes

Discover in 3 min how to:

  • Achieve maximum automation rates
  • Obtain reliable accounting data
  • Ensure full compliance of your processes

Streamline for 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.


Automatisation rate
Automatisation rate

Guaranteed reading rates

85% automation guaranteed
92% confirmed in production by our customers
Maximum flexibility

Maximum flexibility

Our BPM engine enables you to easily configure your accounting workflows with advanced features available
galette-3
Calque 2

Compliance and fraud risk management

100% of documents received are analyzed
150+ consistency checks applied (amount, IBAN …)
Streamline for Invoices
 

Why choose ITESOFT?

With more than 30 years of experience in the field of Intelligent Document Processing and business process automation, we ensure your success.

Technologies

Technologies

A unique combination of OCR, AI and expert systems technologies

Business Expertise

Business Expertise

Over a 1000 digitalisation projects with 650+ customers

Accompagnement

Support

Fast, easy implementation with our innovative Quickstart method

Calculate your ROI from digitalising your P2P with Streamline for Invoices

Fraud and account payables

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.

Reliable data

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.

 
supplier portal

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

Discover our articles

Finance department, driver of the digital transformation of businesses

The Finance and Administration Division is at the heart of digital transformation of companies. Its mastery of figures enables to model and manage the value contributed by transformation projects...

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Supplier relationship management

Placing suppliers in the centre, by embedding a portal enriched with SRM functions in its digitised Procure-to-Pay process, allows simplification of information exchanges...

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