ePayables

In my effort to cover AP (and P2P) processes, strategies and technologies one of the first projects at Ardent was to create the ePayables SMARTset. The purpose being, to help guide organizations through the process of improving performance within AP and surprise surprise, it all starts by being able to present a solid business case [...]

With IFO’s Fusion Conference underway in Nashville, I was sure that there would be some newsworthy activity and I was not wrong. On May 14th, Iron Mountain (NYSE:IRM) the information management company announced a new AP automation solution (Iron Mountain Electronic Invoice). The solution/service digitizes paper invoices and allows customers access to an online tool [...]

On March 5th, 2012, Lexmark International announced the acquisition of Brainware for $148 million; the company will join a Lexmark subsidiary, Perceptive Software. Perceptive is a provider of enterprise content management and business process management solutions (including imaging and workflow solutions), the company was acquired by Lexmark in 2010. Brainware is a provider of intelligent [...]

On February 29th, 2012 Basware introduced its new cloud-based platform called Alusta (meaning ‘platform’ in Finnish) to the market. Basware was already one of the major providers of eInvoicing and procure-to-pay (P2P) solutions and with this new highly scalable and flexible cloud-based platform they are likely to cause a stir in the market. This new [...]

In July of 2011, the US Department of Treasury announced that it is mandating that all Treasury Bureaus implement the Internet Payment Platform (IPP) by the end of 2012 and in 2013 Treasury will require that its commercial vendors submit their invoices using IPP. This initiative will both improve government efficiency and cut costs for [...]

In January of 2012, Kofax introduced Kofax Mobile Capture. This came approximately a month after Kofax announced a minority investment ($500K) in MobiFlex Inc, a mobile app specialist. Kofax Mobile Capture through the use of apps will allow customers to use the cameras from smart phones and tablets to capture the image of a document. [...]

On January 17, 2012, Basware kicked off the New Year by announcing that it had acquired First Businesspost GmbH (“1stbp”)for €12.2 million, which includes assumption of the company’s debt (€ 3.2 million). Before we get into an analysis of the deal, here are some key figures for 1stbp in the year ended 2011: Revenues: €2.4 [...]

Ariba (NASDAQ:ARBA), a cloud-based provider of collaborative commerce solutions, announced the acquisition of b-process in October 2011. The acquisition, for approximately €35 million in cash, allows Ariba to further expand its global footprint for eInvoicing solutions. b-process, a privately-held French company, is an electronic invoicing service provider, which offers certified VAT and regulatory compliant eInvoicing [...]