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invoice automation

EDI and Invoice Automation Solutions: Accelerating Payment Cycles

In today’s technology driven world, the expectations of vendors and customers are high. Strategic innovation and optimization of business processes are required to achieve future success. That’s why companies are faced with increasing pressures to accelerate payment cycles with EDI and invoice automation solutions. Most have already introduced ERP systems to automate their repetitive administrative tasks. Eighty percent are yet…

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IoT technology

IoT Technology: The Road of Businesses to Success

The Internet of Things is predicted to become the driver of productivity for the next decade. According to Gartner, 20.8 billion Internet-connected devices will be used by 2020 and over half of new businesses will be incorporating some element of the IoT technology. Since almost everything is online these days, your business will generate more data. You need to analyze…

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E-Invoicing: Eliminating Paper in Procurement

Are you looking to improve sustainability in your procurement process? Reducing paper use is the easiest way to do it. It is a win-win situation for companies. Paper invoices do not only destroy trees, but also create problems in organizations by decreasing visibility. As a result, you experience inefficiencies and increased transactions costs. By eliminating paper in your procurement process…

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Supply Chain Risks and How to Overcome Them

The changes in business models in the past years have been huge. Start-ups are able to compete with global multi-national companies – thanks to the cloud. However, it is not all good when you abandon the old brick-and-mortar infrastructure. While third party suppliers and service providers allow you to be more innovative and they level the playing field against larger…

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Advantages of Receiving and Sending E-invoices

Electronic invoicing also known as e-invoicing is a form of electronic billing. It is used by trading partners to present and monitor transactional documents and make sure that the terms of trading agreement are being met. An electronic invoice or e-invoices, on the other hand, is an invoice document shared between suppliers and buyers in an electronic format. It is…

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5 Things to Consider when Using the IoT for Supply Chain

With one device talking to another, the Internet of Things can potentially change the industrial sector. It creates a great opportunity for companies to streamline and get rid of the waste in expensive and inefficient supply chains. It also allows companies to control their external environment and execute decisions. With the IoT, equipment can communicate data such as temperature and operation…

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Electronic Health Records: Is it a Good Idea?

Have you visited your physician recently? You may have noticed your doctor or his assistant typing on a tablet or computer as you talk. What he or she’s doing is updating your EHR. Electronic Health Records or EHR refer to the details of your medical life from your doctor’s perspective. They may include all the clinical data relevant to your…

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Supply Chain in the Future: Driving Innovation with Augmented Reality

Small businesses have caught a boost on their sales from Pokémon Go, an augmented reality game launched by Niantic. The game has been bringing in more customers and boosting their sales. It has helped businesses attract more customers and increase their revenue. However, this is only the start of the future of supply chain. The augmented reality trend is set…

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