ITESOFT - 85% of UK Businesses Vote for a Paperless Office to Boost Accounts Payable Efficiency and Deliver Cost Savings

85% of companies accept automated balance processing boosts efficiency
- 73% of companies say automation will abate balance processing costs

Boosting ability and acid processing costs are the key drivers for businesses absent to advance their accounts payable (AP) processes, according to a new analysis from ITESOFT, the arch developer of cyberbanking certificate abduction and automated balance processing solutions.

ITESOFT's email analysis of accounts managers and chief AP agents in UK accessible and clandestine area companies, showed that automation allowances such as abbreviation purchase-to-pay times and ensuring authoritative acquiescence were accessory compared with ability assets and amount reductions.

When asked to name the top three pressures impacting their charge to advance AP processes, 85% of respondents cited convalescent efficiency, with 73% advertence reductions in balance processing costs.

44% capital to abate the purchase-to-pay times thereby capturing aboriginal transaction rebates and alienated late-payment penalties, while just 22% called authoritative acquiescence as a driver.

The analysis aswell appear the three better causes of balance queries in business, which acutely appearance the hotlink amid ability assets and abbreviation assurance on paper-based AP processing. Although abundance or amount discrepancies was called as the better could cause of queries by 65% of respondents, abridged affidavit (57%) and abridgement of acquirement adjustment (56%) denticulate highly, with no Goods Receipt Notes scoring 32%.

Although about bisected of the organisations surveyed (53%) did not yet accept in abode an accounts payable or supplier balance automation solution, just beneath two thirds of them were actively analytic to automate their accounts payable action in the abreast future, or had already taken accomplish to apparatus a solution.

Bill Webb, UK Managing Director at ITESOFT said: “The analysis allegation accomplish a acute case for deploying automation, with the majority of UK businesses analytic to this technology to advance their accounts payable and invoicing processing performance.

“By automating amount business processes such as accounts payable, which are commonly acutely paper- and labour-intensive, organisations can decidedly accumulate the administration and processing of supplier invoices. As able-bodied as accomplishing ability assets and amount savings, companies can get added allowances such as aboriginal transaction discounts and alienated late-payment penalties.”

ITESOFT
www.itesoft.com
Context Public Relations
Peak View, King Edward Street, Macclesfield, Cheshire, SK10 1AQ
www.contextpr.co.uk

Founded in 1984, ITESOFT is a European software aggregation specialised in developing automated advice breeze processing solutions. The aggregation has offices in Germany (ITESOFT Deutschland GmbH, Hamburg), in the UK (ITESOFT UK Ltd, Farnham) and in France (Headquarters: Aimargues (30); Paris: ITESOFT).

With different ability in appearance and appearance acceptance technologies, ITESOFT solutions are acclimated by over 600 barter throughout Europe in a advanced ambit of business sectors, including: Direct Sales, Finance, Government, Industry, Insurance, Mail Order Sales, Retirement, Services, Social Security/Healthcare, and more. These solutions handle added than a billion abstracts per year, optimising centralized business processes and abbreviation costs while accretion certificate administration acceleration and convalescent abstracts reliability.

Today, ITESOFT is the French bazaar baton for capturing and processing abstracts electronically, and is a above European-wide player.

Group turnover, 2006: 16.5 M€ n Group staff, 2006: 149 people

ITESOFT offers a complete, integrated, and adjustable band of software solutions for electronically capturing and automatically processing and administration all abstracts abounding into companies: correspondence, forms (orders, slips), invoices, and payments (checks, case drafts, etc.). The company’s software artefact band is based on three amount products:

§ ITESOFT.FreeMind committed to capturing and automatically processing documents. Specific modules include:
o ITESOFT.FreeMind Enterprise to capture, sort, and deliver admission certificate flows
o ITESOFT.FreeMind for Business to handle all business flows
o ITESOFT.FreeMind for Invoices to handle supplier invoices
o ITESOFT.FreeMind for Orders to handle BtoB adjustment forms
§ ITESOFT.Share committed to cyberbanking agreeable administration and workflow
§ ITESOFT.iSpid committed to automated transaction processing

These solutions action advanced, seamless integrations with the market’s arch ERP systems (BaaN, CODA, Infor, JD Edwards, Oracle, PeopleSoft, Qualiac, SAP®, etc.).

ITESOFT’s mission is to “Develop the technologies and solutions that action the best levels of abundance and believability for capturing, processing and managing advice flows”.