Invoices on screen

7 Reasons to Use a Cloud Invoice Automation Solution

Cloud invoice automation solutions now provide organisations with a number of key benefits that previous on-premise systems were not able to offer. Automated cloud invoice processing solutions help organisations to: Achieve high levels of automated data extraction from day 1 Reduce infrastructure and other capital costs Minimise implementation times Benefit from new features when released Have a flexible cost model Pre-built invoice processing integration connectors for...

Digital workflow solutions priorities 2022

Top 8 Digital Workflow Priorities for 2022

In this article we identify and discuss some of the most common and simple digital workflow solutions that can be delivered with an intelligent automation platform. The global events of the last two years have had a profound effect on how businesses operate and have significantly enhanced digital transformation strategies. Huge focus and efforts have been applied to enable workers...

Wine and Fish

Cash Allocation Process Data is more like Fish than Wine…

In the cash allocation process, there are a number of key areas where timing is everything in ensuring an optimal process. Conducting activities in the wrong sequence or in a lethargic fashion can have severely negative connotations for internal and external stakeholders alike, as well as the organisation itself. We’ll come to the fish/wine comparison, but it’s initially worth thinking...

Taking the Suspense out of Cash Allocation – Automated Cash Allocation Software

In our last blog in this series we looked at some of the problems surrounding manual cash allocation. In this edition we focus on enhancing and optimising the process using automated cash allocation software. With the choice of multiple tools on the market, we highlight the key capabilities needed as well as look at the case for a fully integrated...

Manual cash allocation puzzle.

Top 10 Issues with Manual Cash Allocation

What is Cash Allocation? What does Cash Allocation mean? Definition of Cash Allocation Why is Cash Allocation important? It’s imperative that as payments are received that they are applied to the correct customer and against the specific invoice transaction they relate to. Cash allocation needs to be conducted promptly in order to understand which customers and invoices are paid and which...

The Changing Face of Document Capture: Why Cognitive Document Capture is Smarter than OCR?

OCR to Cognitive Document Capture Information capture has advanced a long way since the advent of Optical Character Recognition (OCR) and Digital Repositories (EDMS Electronic Document Management Systems). Modern business applications require pre-validated and structured data as input so it is readily available for use in decision making and driving business processes. The majority of business applications store data in...

Effective System Integration for your Digital Transformation Project

A modern-day systems integrator working on an intelligent process automation project has a large number of tools and options available. It can be challenging to identify which system integration method to use and how to deploy them effectively. Combined with this, is an ever-increasing number of project stakeholders to please from the business to information security and compliance. Here...

Automated Cash Allocation

Automating Cash Allocation: A Finance Director’s View

As a Finance Director, I tend to be on the receiving end of many marketing campaigns with offers to discuss the benefits of intelligent process automation, but it’s not always clear what the tangible benefits are and how it could be applied to specific business processes. As someone who has implemented and used some of these technologies for automating...