The next generation solution for Accounts Payable Automation. Take a look at the slides behind the latest ITESOFT Vlog and see what drives Streamline for Invoices and why this revolutionary application can resolve problems in AP teams of all sizes.

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STREAMLINE FOR INVOICES
APPLICATION INSIGHT FOR
ACCOUNTS PAYABLE AUTOMATION
AN ITESOFT INSIDER VIEW

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Omnichannel capture describes the process of
handling documents regardless of the format in
which they are received into an organisation.
For example:
Paper | Email | PDF | Fax | EDI | Portal | File
This expression is not unique, it also comes into
play when describing the myriad of ways in
which a customer can contact an organisation.
For example:
Twitter | Facebook | Email | LinkedIn | Website
WHAT IS OMNICHANNEL CAPTURE?

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During the demonstration we showcase
capture from paper – scanning both sides
of the invoice to ensure we can capture all
information.
This requires no set up – no preparation in
advance.
Why? Traditionally invoices from envelopes
would be sorted on the basis of single
page, double page, multipage, double
sided etc. These were then batched and
scanned.
Benefit? No time wasted shuffling
the paper – drop it in and the
system will sort it for you.
IN THE DEMO…

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THE RISE OF EMAILED INVOICES
Recent Paystream Payables Insight Research Results:

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WHY ARE YOU PRINTING EMAILS?
Streamline for Invoices offers completely touchless
processing of supplier invoices received as e-mails.
• No need to save file attachments.
• No need to drag attachments to a directory.
• No need to PRINT emails out and process them
manually!
The benefits?
• Save time!
• Save money!
• Reduce environmental impact!

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WHAT IS E-INVOICING?
Defined in October 2017 in the Duty to Report
Payment Practices legislation as:
“This is where suppliers can electronically submit and
track invoices. It’s not just allowing suppliers to email
them an invoice.”
What does this mean?
Well, for most organisations this would mean that
they will need to offer a genuine Supplier Portal, one
that grants an insight into the status of an invoice
AND allows them to upload the information
themselves.

8. ITESOFT Supplier Portal Screen Shots

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ITESOFT will guarantee field capture rates
of at least 85% for clients using Streamline
for Invoices.
In fact, we are so certain of our capture
quality that if you have a demo we will offer
to capture some of your invoices.
How are we different? Unlike anyone else
we will never ask to see your invoices in
advance, not until you are ready to put
them into the scanner!
NO SMOKE.
NO MIRRORS.
JUST CAPTURE!
THE IMPORTANCE OF CAPTURE

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With traditional automation solutions there
was a genuine risk that it took time to get
to a high capture rate, and that this would
then drop away again over time.
With Streamline for Invoices this doesn’t
apply. Capture rates hit their target levels
within weeks of go live and will then stay
there.
Better yet, they will likely increase. With the
use of Machine Learning algorithms the
application has the potential to improve
over time…
THE MORE IT SEES,
THE BETTER IT GETS!
WHAT’S BETTER THAN 85% CAPTURE?

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STRUGGLING TO HANDLE OPEN PO’S?
Many providers of AP automation solutions may
struggle when it comes to handling open
purchase orders.
What do we mean? When a supplier send you
an invoice against one line of a PO you have
already raised.
With Streamline for Invoices this couldn’t be
handled any easier, simply select the lines that
are not applicable and press delete!
The PO stays open, and the next partial invoice
will be matched against it!

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NO PO NO PAY… IT’S ON THE RISE
No PO, No Pay is a policy that more and more
organisations are implementing. Alone, however,
this can create additional work in the early days.
With Streamline for Invoices you can
automatically reject any invoice that doesn’t
include a PO!
Not only reject it, but email it back to your
supplier asking for them to re-submit with the
correct information.
Why spend time correcting someone else's
errors?

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CAPTURE-AS-A-SERVICE
An area of risk to many organisations is their supplier
master data file.
Often badly managed and maintained, rarely audited
effectively, prone to editing and updating to make
someone's life easier.
CaaS removes this risk.
When an invoice is received it is first matched against our
master data, 600,000 records.
These records are managed using a Machine Learning
algorithm, ensuring quality and effectiveness of the
matching process.
With CaaS you can drastically reduce the risk of paying
the wrong company, or paying out on fraudulent invoices.

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ANALYTICS
Finally today, we spent some time looking at the very
latest analytics from ITESOFT Streamline for Invoices.
Offering finance management the ability to deep dive into
their data in any way they wish.
Want to know where the bottlenecks are in your business?
Want to know who (still) doesn’t raise PO’s?
What about which suppliers invoices cause hold ups?
With analytics you can see all of this and much, much
more.
Engage your internal business partners and get them
working more efficiently, free up capital, engage your
suppliers and explain what they can do to get paid faster.

15. ITESOFT Analytics Screen Shots

16. Digital Automation
Faster.Smarter. Safer.