Onventis Blogs Invoice Processing with Software RobotsProcessing supplier invoices is a costly, unproductive routine task. Those who still process invoices manually are wasting time and money. Open StoryRPA: How does Smart Account Assignment with Robotic Process Automation Work?In robotic process automation, software robots assume the roles and tasks of users and interact with other software systems. Open StorySupplier-Controlled Inventory Planning with VMIImagine if you could easily automate the continuous supply of raw materials, consumables and supplies. Open StoryDigitalization, Artificial Intelligence & Co.From April to June 2020, the BME in collaboration with the ESB Business School and Onventis, studied the status quo of digitalization and the use of new technologies in procurement in medium-sized businesses. Open StoryHow controlled C-items purchasing works with Amazon BusinessWith the Onventis integration for Amazon Business, companies cover their requirements with more than 250 million items via Amazon Business. Open Storybol.com replaces Basware with Onventis P2P solutionbol.com replaces Basware with Onventis P2P Open StoryWhy SAP ERP Customers rely on OnventisSAP-based purchasing is under pressure to act: With the announced end of maintenance for Business Suite 7, companies using SAP must examine new options for their purchasing system. Open StoryThree emerging technologies that will affect the finance functionThe Fourth Industrial Revolution consists of a combination of different technologies. A few of them will also have an impact on the finance function. Below three such technologies. Open StoryRobotic AccountingRobotic Accounting promises a future in which humans can engage in useful things, while the robot takes over all the repetitive things. (Here’s how the robot does that) In this blog we are going to discuss where Robotic Accounting can be used and how we are able to do invoice automation using robotics. Open StoryObligation to retain (digital) invoicesWhat about archiving and the obligation to retain digital invoices, but also scans of paper invoices? Open StoryLights out! Touchless accountingTouchless accounting can save you 100% time when processing invoices. The technology is fully available. What’s left is the question: Is the organization ready to let go and trust robots to do the work? Open StoryOCR software saves you a lot of timeOnline invoice processing saves you time. On the one hand because with online invoice processing you no longer lose invoices, on the other hand thanks to Optical Character Recognition (OCR). We explain how you can save time with OCR software. Open StoryAutomatic invoice matching eliminates duplicate actionsIs doing something twice efficient? Probably not. Do you still waste time coding your invoices? My guess is yes. Automate the entire purchase-to-pay process and stop wasting precious time. Open StoryOptimal invoice processing with OCR-as-a-ServiceInvoice processing: many roads lead to Rome, but with OCR-as-a-Service you can get there quickly, safely and comfortably. In this blog, we explain how that works. Open StoryWorkflow efficiency as competitive advantageThe familiar road is often the easiest. Workflows that function well in their current form do not immediately ask for a review. It works, right? Why tinker when everyone is satisfied? Yet routine and familiarity can be your pitfall. There is a considerable difference between effective and efficient. Open StoryRapid application development is this flexibleHow pleasant it is when applications can be customized and refined, even after launching, without involvement of a developer? Very pleasant in our experience! In this blog, therefore, everything about rapid application development. Open StoryWhat is the difference between digital and electronic invoices?A digital invoice is usually a PDF or Word file that is sometimes a scanned paper invoice. An e-invoice contains structured data, so it is easier for a computer to comprehend and book automatically. Open StoryExcel order list automatically processed, approved and paidImagine what it would be like to automatically convert your Excel file into an order that is then digitally approved and paid without any manual intervention once all the goods have arrived. That would probably save a lot of time. And that is why we build it. Open StoryExcel vs Low-code Platforms: Choose the safest optionExcel can do a lot, low-code platforms can do more. Even though spreadsheets seem to be easy to use and function undoubtedly in the way it is intended, security risks are an inherent part of this way of work. And does Excel really work as efficiently as you think? In this blog: Excel vs low-code platforms. Open StoryWorkflow ConceptsThe Onventis low-code platform is specifically aimed at creating workflow applications. Our multi-device and cross-platform solutions improve productivity, transparency, and accountability. It ultimately uncovers precious activity that adds value to your business. Open StoryManage budgets without the hassleYear’s end is in sight again. That means hot chocolate, holiday festivities, and making budgets for the coming year. That is probably a familiar list to many. One of those things is not necessarily fun for anyone and that’s why we offer a solution. Open Story3 areas of improvement for the procure to pay processStrategic spending increases an organization’s profitability and makes budgets last much longer. But how do you transform from no organized procure to pay process to a full-fledged money-saver? Open StoryThe advantages of invoice processing in the cloudCloud computing has indefinitely changed the way we interact with companies and colleagues. International teams work together as if they’re in the same room. And yet, plenty of organizations refuse to adopt the cloud and its magnitude of possibilities. Open Story4 Important Soft Skills for a Financial Director (in 2030)The modern Financial Director is not just someone with number sense. They rarely attribute their experience as the main reason for success. Instead, a proactive attitude and strong people skills are the essential traits of a good FD. Open StoryDigital invoice processing is now up to 59% cheaper than paper invoicingDigital invoice processing continues to get cheaper. According to an annual survey by Billentis e-invoices went down from EUR 10.90 in 2012 to only EUR 4.50 in 2016. Open Story6 Benefits of Contract Management SoftwareManaging contracts becomes increasingly complex as the organization grows. Before you know it, large numbers of contracts are stipulated with preferred suppliers. With no system in place, the overview gets lost and out of control, resulting in an inefficient and costly process. Open StoryOCR in Finance speeds up invoice processingOptical Character Recognition (OCR) is a popular method of digitizing printed invoices. There are two flavors of OCR that differ in the degree of automation and responsibility. We call them OCR-on-Premise and OCR-as-a-Service. Open StoryHas automation made the accountant in SMEs redundant?Automation changes the world. Whereas bookkeepers used to check boxes full of receipts and expense claims. Nowadays, this work is fully digital. Even accountancy, also subject to automation, is a changing profession. In this blog, we will look specifically at the accountant’s position in SMEs in 2017. Open StoryWill robots replace the Administrative Assistant?With the rise of robotics it is expected that the job market will change significantly. Will the job administrative assistant still exist in 20 years? Or are the robots going to take over? Open StoryAn introduction to the General Data Protection RegulationThe current legislative landscape for data protection across the European Union is fragmented, causing confusion to organizations and individuals. This will drastically change when in May 2018 a new European privacy law is due to take effect. Open StoryWhat is an application platform as a service? (aPaaS)The short answer is perfectly put by Wikipedia. It’s a concise explanation that is not entirely comprehensive. So let’s dive a bit deeper. Open StoryWhat is procurement?The procurement of goods and services is evolving. Some organizations regard it as an important strategic factor for organizational success. But why actually? What’s so special about it? The Procurious video explains it perfectly. Open StoryBureaucracy is dead. Long live bureaucracy.Bureaucracy is synonym to administrative burden, and yet, a long time ago bureaucracy was proposed as the perfect organizational structure. What happened and, more importantly, what does the future have in hold for bureaucracy? Open StoryWhat is Robotic Accounting?Last week we wrote about the rise of the accounting robots and how this will change the landscape of the finance department in 2020. But what is that, robotic accounting? And what’s in it for you as a financial? Open Story