scan and capture

Between the reasons to implement scan-and-capture invoicing and a discussion of trends in accounts payable (AP), there has been substantial ground covered at Payables Place these past few weeks. If you happened to miss any of the great analysis pieces covered since early April, collected below are all the articles that are sure to educate [...]

Enterprises that wish to automate some or all of the accounts payable process face something of an uphill battle when beginning from a manual, paper-based state. Many suppliers are reluctant to submit anything except a paper-based invoice, which can include PDFs emailed as attachments, or to put up the money in order to convert their [...]

The Payables Place team has covered a lot of ground over the past two weeks. There was news of Lexmark moving to acquire Kofax, a look at how scan-and-capture invoicing can trigger cost savings, and even a deeper look at one of the biggest trends in accounts payable for 2015. Happy Good Friday and Happy [...]

Efficiency and cost savings are two of the strongest concepts in the modern business world. This is also where technology helps the most—the more processes that are automated, the more efficient the enterprise becomes. This is no less true for the accounts payable function, which has remained one of the last bastions of manual processes [...]

In the first half of this two-part article, we discussed how the vast majority of invoices are still paper-based. This is a significant problem for the average enterprise, and not only from the perspective of paper taking much longer to process than an electronic invoice. The reality of manual invoicing is that, as a result of [...]

Editor’s note: Today is the first half of a two-part article examining the value of scan-and-capture invoicing. Today, we’ll detail the basics of scan and capture.  The vast majority of invoices that accounts payable teams receive remain unfortunately paper-based. This includes PDFs attached to emails, faxes sent over the telephone lines, and even traditional mail [...]

In its third acquisition in less than two years, Kofax (NASDAQ: KFX; LSE: KFX) announced on September 2 that it had purchased Softpro GmbH, a provider of eSignature verification software, for $34.7 million. The deal—for all of Softpro’s outstanding stock—was also Kofax’s third-biggest acquisition of the last five years. Only Singularity Limited in 2011 and Kapow in [...]

Earlier this week, Lexmark (NYSE: LXK) announced that it had commenced a cash tender offer for all of the outstanding shares of  ReadSoft (NASDAQ OMX: RSOF-B), a Sweden-based provider of AP automation and document management solutions. ReadSoft was founded in 1991 and has approximately 625 employees. The company is headquartered in Helsingborg, Sweden. The offer [...]

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 [...]