AP Automation

EchoVera Integrates PaletteArena With NetSuite
EchoVera Integrates PaletteArena With NetSuite 150 150 Tim Robertson

EchoVera has released NetSuite Connect, an integration module that allows PaletteArena to integrate seamlessly with the world’s fastest growing financial management system. It uses the Celigo Integrator – PRLog.com has press release with all of the details, here is a snippet from the release:

“EchoVera has released EchoVera NetSuite Connect, an integration module that integrates NetSuite with PaletteArena, one of the leading Purchase to Pay platforms. Utilizing the Celigo Integrator, EchoVera has made it possible for enterprises to take advantage of PaletteArena’s electronic invoicing and AP automation features while integrating with NetSuite, the world’s fastest growing financial management system.”

 

Accounts Payable Automation, Intelligent OCR for Netsuite
Accounts Payable Automation, Intelligent OCR for Netsuite 150 150 Tim Robertson

Netsuite.Integrator….
EchoVera
has announced that their Intelligent OCR solution, their electronic invoicing platform, and their accounts payable automation suite called ASAP, integrate completely with NetSuite.

Each of the solutions support finance departments in reducing paperwork, increasing efficiency, and cutting the costs of handling supplier invoices. Invoice data capture software is used to handle paper invoices, including PDFs that are scans of paper invoices. Electronic invoicing software is employed to process PDF invoices that are generated from a system like NetSuite. And Purchase to Pay automation is used to workflow the invoice data for coding and approval.

Find out more about AP Automation for NetSuite.


Intelligent OCR
is an Intelligent Document Recognition OCR Software that automates the capture of PDFs that have been sent directly from a suppliers accounting system, or PDFs that are scans of paper invoices the supplier has issued.

Find out more about Intelligent OCR for NetSuite.


The Intelligent OCR solution takes a PDF or multiple page PDF document invoice sent directly from a supplier and turns the information into data.

The ASAP automation solution streamlines all of an organization’s business flows, invoices, contracts, purchase orders and employee expenses. It’s a software service in the cloud that allows managers to code and approve supplier invoices quickly, boosting efficiency and providing  executives with more visibility into where their payables stand at any time, 24/7.

OCR Invoice Software That Saves You Work
OCR Invoice Software That Saves You Work 150 150 Tim Robertson

ocr invoice softwareocr invoice softwareMost OCR invoice software on the market today can be relied upon to locate data on an invoice and enter it into the appropriate field according to a user’s preferences. Even though this is a step up in the automation of invoice capture, it is still time consuming to go through every invoice that needs to be scanned and designate the proper placement of the data.

Intelligent OCR uses context to locate the required data, and compensates for poor quality images and misspellings, matching the data against internal sources. While this feature is available in some products, Intelligent OCR allows you to search most typical values from any document using a built-in Intelli-Tag database.

This additional feature allows you speed up your data capture applications without document templates. As well, you can create and/or customize your own Intelli-Tag database to improve your documents recognition or adapt to specific applications.

Intelligent OCR is capable of automatically and intuitively detecting/learning unique vendor invoices based on their respective layouts, allowing the scanning and/or importing of data from emailed or paper invoices with more efficiency. Intelligent OCR also intuitively performs field mapping and data collection.

  • Scans paper invoices (from your browser), capturing header and line item invoice fields
  • Easy-to-use and intuitive, browser-based interface
  • Gets high marks for ease of use and an intuitive interface
  • 95% accuracy rates
  • Integrates seamlessly with your ERP

Intelligent OCR captures invoice data from electronic document formats such as PDF, XML, EDI, Word, TIFF, JPG, HTML and more. Our data capture service is free for suppliers and they incur no cost to send invoices to your Accounts Payable system. The process is very straightforward – they simply send their invoices to a designated email account.

Book a demo of Intelligent OCR.

Royal Ravintoloihin is a new Palette customer
Royal Ravintoloihin is a new Palette customer 150 150 Tim Robertson

rr-logoRoyal Ravintoloihin is the largest private corporate entity in Finland. The company includes of the parent company of Royal Restaurants Oy and its subsidiaries Oy Union Hotels and Konseptiravintolat Oy. The group contains of 33 restaurants in 26 locations, 15 Hanko Sushi restaurants and 1 Hotel across Finland. The Palette products bought by Royal Ravintoloihin will be implemented in all locations.

55% of Companies Planning to Adapt Electronic Invoicing in 2015
55% of Companies Planning to Adapt Electronic Invoicing in 2015 150 150 Tim Robertson

electronic invoicingE-invoicing has been steadily growing worldwide over the last few years, and it looks like its growth could accelerate even further this year with the European Union looking to make e-invoicing mandatory for government procurement. The U.S Government has also mandated e-invoicing for government departments in order to lower processing costs and save an expected $450m.

According to research from e-invoicing consultancy and market analyst Billentis, a company can save up to nearly 80% by implementing automated invoicing processes.

But cost reduction is not the only reason why more and more governments and businesses are switching from paper to electronic invoicing. E-invoicing helps organisations to improve and streamline their financial operations, which is vital in today’s fast-paced and international business environment. It also makes it easier for them to track invoices, which prevents the risks of fraud and of invoices going missing.

E-invoicing technology enables faster, easier and safer payments between organisations, while achieving significant cost savings. With more and more companies and government departments set to adopt the technology, this will create greater collaboration between international business partners and more efficient international commerce.

Colchester Borough Council automates processing of 20,000 invoices per year
Colchester Borough Council automates processing of 20,000 invoices per year 150 150 Tim Robertson

Colchester Borough Council has gone live with the first phase of a project to implement a process to process up to 20,000 invoices each year by technology powered by CloudTrade, an EchoVera Technology Partner.

In the UK, Advanced Cloud Invoicing (ACI) is currently being used by suppliers using a purchase ordering system, and phase two of the implementation involves extending the system to those without purchase orders.

Advanced Cloud Invoicing (ACI) is currently being used by suppliers using a purchase ordering system, and phase two of the implementation involves extending the system to those without purchase orders. This solution is powered by CloudTrade technology.  Read the full case study

78% of CFOs Love Electronic Invoicing – Billentis Research
78% of CFOs Love Electronic Invoicing – Billentis Research 150 150 Tim Robertson

Billentis Research has found that 78% of CFOs love the visibility they get with electronic invoicing. See the video below for the whole story:

Canadian North Deploys Electronic Invoicing with Palette
Canadian North Deploys Electronic Invoicing with Palette 150 150 Tim Robertson
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Canadian North

Canadian North, northern Canada’s leading airline company, has deployed a web-based invoice automation solution from Palette. The airline is using PaletteInvoice to process, approve and schedule the 40,000 supplier invoices it receives annually at its offices in Edmonton, Calgary and Iqaluit.

The solution, which is part of the PaletteArena suite of accounts payable automation solutions, has been supplied and configured by Palette’s Toronto-based partner EchoVera. PaletteInvoice – built on the Microsoft .NET framework – is being used in conjunction with CloudTrade, which eliminates the need to scan PDF invoices.

The company reports that the Palette deployment has delivered closer control of costs, and enables Accounts Payable staff to work more productively.

“The biggest benefit we have gained from PaletteInvoice is transparency over accounts payable activity across the entire organization.”

Jeff MacPherson, senior financial analyst for Canadian North, said: “Before the deployment of Palette’s solution, invoices received as PDF files had to be printed, approved and coded, before being passed to our Accounts Payable department for manual filing; all of which was extremely time-consuming and labour-intensive.

“Since the introduction of PaletteInvoice in January 2014, our processes have been significantly streamlined and are now far more efficient.” MacPherson continued: “The biggest benefit we have gained from PaletteInvoice is transparency over accounts payable activity across the entire organisation.

“We can see exactly where we are in terms of pending invoices, which is vital as we operate from three main offices which are located in different cities. With automated invoice processing, we also have much tighter control over operations and a greater ability to manage volumes of work.”

PaletteInvoice integrates with Canadian North’s Microsoft Dynamics ERP system. For more information about electronic invoicing, visit Echovera here.

EQpack will get more efficient with PaletteOnline
EQpack will get more efficient with PaletteOnline 150 150 Tim Robertson

EQpack specializes in packaging solutions. ” We have the required knowledge about products, packaging and smart solutions. With our lean organization, we give you quick answers on cost-effective solutions to your packaging problems. We have our own manufacturing, but we also works with a wide network of suppliers and partners in areas such as injection molding, vacuum forming, sewing and plastic welding”.

 

Boiling Points, Revolutions, and Conservative MPs
Boiling Points, Revolutions, and Conservative MPs 150 150 Tim Robertson

Five Reasons to Automate Your AP Processes (Accounts Payable News)

e-Invoicing could revolutionize public sector procurement, say Conservative MPs (Shared Services)

E-invoicing – What’s your boiling point?  (Accounts Payable News)

AP Automation Market – $1.7 Billion in 2013? (PayStream Advisors)

Watershed Year for e-Invoicing (GSX Blogs)