Onventis Blogs

Processing supplier invoices is a costly, unproductive routine task. Those who still process invoices manually are wasting time and money.

In robotic process automation, software robots assume the roles and tasks of users and interact with other software systems.

Imagine if you could easily automate the continuous supply of raw materials, consumables and supplies.

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.

With the Onventis integration for Amazon Business, companies cover their requirements with more than 250 million items via Amazon Business.

bol.com replaces Basware with Onventis P2P

SAP-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.

The 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.

Robotic 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.

What about archiving and the obligation to retain digital invoices, but also scans of paper invoices?

Touchless 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?

Online 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.

Is 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.

Invoice 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.

The 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.

How 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.

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.

Imagine 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.

Excel 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.

The 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.

Year’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.

Strategic 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?

Cloud 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.

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.

Digital 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.

Managing 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.

Optical 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.

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.

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?

The 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.

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.

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.

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?

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?