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Robotic accounting and AI: what does the future of finance look like?

The world of finance is changing rapidly. Since automation has taken off, more and more manual tasks are a thing of the past. Robotic accounting has played a huge role in automating repetitive manual tasks in finance departments. But what’s next? With technology developing at lightning speed, what does the future look like?

The impact of AP automation on supplier relationships

For many companies, managing supplier relationships is an ongoing challenge. Delayed payments, administrative errors and poor communication can create frustration and mistrust between you and your suppliers. In a competitive marketplace, keeping these relationships running smoothly and efficiently is critical. But how can you address these issues without increasing your team’s workload? The solution is found in AP (Accounts Payable) automation. By streamlining and modernizing your payment processes, you can not only improve internal efficiency, but also strengthen relationships with your suppliers.

The 6 biggest benefits of SaaS for your administration

If you work in a financial administration or procurement department, you probably recognize the need for overview, speed and control. SaaS – Software as a Service – meets this need perfectly. More and more organizations are opting for this way of working: software that does not run on your own server, but is available via the cloud. That means less technical hassle, access to the latest functionality anytime and anywhere, and room to design processes smarter. Especially when you work with solutions specifically designed to automate invoice processing, contract management or order flows. Want to know what makes SaaS so valuable for your daily work? Here are the 6 most important benefits:

Checklist: Getting started successfully with automated invoice processing

Processing invoices often takes more time than you would like. Maybe you run into long payment deadlines, errors in the administration or simply a lack of overview. Automatic invoice processing is the way to make this process smarter, faster and error-free. But how do you go about it? With this checklist we will help you step by step on your way to a successful transition to automatic invoice processing.

Purchase-to-pay process: how do you optimize P2P within your organization?

Optimizing procurement and finance processes is a must for organizations today. This will save you costs and improve overall operational efficiency. The process for purchase invoice processing is well established at many company. Most companies here started digitizing at some point. It makes sense, because the arrival of an invoice was often the crystallization point at which people start looking at purchasing: “Does the invoice match the order?”, “Was what was agreed to be delivered also delivered?”. Recently, we have been engaging with organizations to identify what other challenges they currently face in this area. What issues do they run into? And how can you make the P2P process even further optimize? In this blog post, we share our findings and discuss a possible solution.

Efficient invoice management: optimize your financial process

In the rapidly changing digital world, managing finances is critical to the success of any business. A core component of these financial management processes is invoice management. An area of great importance to the health of your operations and a challenge at the time when your invoice flow increases as you grow. Efficient invoice management is not just about paying bills on time; it is a complex process that can improve cash flow, reduce errors and ensure better relationships with suppliers.

Time to join the Peppol network? This is what you need to know!

From different sides you hear about the Peppol network. Perhaps your organization already receives and sends invoices through Peppol from time to time. Or you are currently exploring a good “Peppol approach. Is this the right time for you to join the Peppol network? And what exactly does that entail? In this blog post, we list the most important “Peppol facts” for you!

Jumping on the artificial intelligence train? Here’s how procurement and finance benefit from AI

A tremendous amount is happening in the field of artificial intelligence (also called “Artificial Intelligence” or, for short, “AI”). From summarizing meetings to producing videos: bots can do more and more. The tools are flying around your ears. And now that the world is getting smarter and smarter, you from the procurement or finance department would also like to jump on the artificial intelligence train. But in a way that makes your job easier. In your case, this probably means that you want to automate repetitive, boring tasks. That way you can focus on tasks you enjoy and that are more challenging. But which options are really interesting for procurement and finance departments?

Processing incoming documents: what’s the next step? On to the future!

Repetitive work and manual actions you want to limit as much as possible. Because that’s not how you get the most out of yourself. Moreover, it is not very efficient. What if you could automate all these kinds of tasks, leaving you much more time for work that would make you happier and add more value to the organization? This thought forms the basis for the (further) development of our solutions. For us, the user is central: they must always be able to work easily with a system. That is why our solutions connect to business processes at a very high level. No matter how these are organized, ease of use remains. In the continuous further development of our own software, this remains a crucial factor. Curious about what you can expect from us in terms of innovation in the near future? We would like to update you in this blog.

Are you allowed to keep invoices digitally?

Storing invoices digitally: you hear more and more about it, but you struggle with the necessary questions. Because is this actually allowed? And if so, where do you start? Although smart solutions for digital booking of purchase invoices exist today, the archiving process within many organizations is still paper-based. Many a financial administrative employee in 2019 still spends a lot of time storing purchase invoices in folders, which are kept in cabinets in the office. Such a paper archive also makes retrieving an invoice at a later date a time-consuming task. Recognizable? Then you might be considering a more efficient alternative: storing invoices digitally. But what should you take into account when switching to a digital archive?

What is a UBL invoice and what processing challenges are involved?

You hear the term “UBL invoice” thrown around more and more. UBL is a movement on the rise. The topic was put firmly on the map early this year when the government required suppliers to submit invoices digitally in UBL format. We think this is a very nice initiative and so we embrace it. Since Whitevision helps organizations work more efficiently, such a standard also raises our curiosity. To adapt our solution to UBL, we delved into the subject. What is a UBL invoice? What challenges do you face when trying to process an UBL invoice? And how do you confront them? We tell you all about it in this blog.

Records retention: mini guide to keeping your records digitally

Keeping your records is not a choice, but a must. This is because it is a legal requirement to record all data about your business. You must also be able to retrieve them over a certain period of time, for example in the event of an audit by the tax authorities. But the details regarding the legal retention obligation are not clear to everyone. That’s why you Googled the term “legal records retention period. How long must you store your records? How can you keep records? And how do you keep your records in order? In this mini guide to keeping your accounts digitally, you’ll find the answers to these questions!

Text recognition pdf: what software options do you have?

You have to deal with PDFs on a regular basis in the financial administration department. After all, the stream of incoming documents contains many pdf files. It is important to process these adequately. How do you do that? By applying text recognition. With good scanning and recognition software, you automate the processing process: you no longer have to perform manual operations, allowing you to focus on challenging tasks that add more value to the organization. Moreover, you work more efficiently and reduce the chance of error, because the software eliminates overtyping. One caveat: you only enjoy these benefits if you choose the right software.

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With a (web) demo, you can quickly and easily see what benefits our solution brings you.

Schedule your demo

With a (web) demo, you can quickly and easily see what benefits our solution brings you.

Schedule your demo

With a (web) demo, you can quickly and easily see what benefits our solution brings you.

Schedule your demo

With a (web) demo, you can quickly and easily see what benefits our solution brings you.

Schedule your demo

With a (web) demo, you can quickly and easily see what benefits our solution brings you.