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White paper “Financial Accounting”

For this new white paper, ASTERION’s process optimization experts have summarized the options available to small, medium and large companies for making their financial accounting processes faster, less error prone and more cost-effective. Get your free PDF via e-mail now!

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Accounts Payable Automation: A Case Study

In addition to its headquarters in Central Europe, a globally successful group in the healthcare sector also has numerous branches around the world. Its business activity focuses on the development and production of a vast range of well-known medicines and other sought-after medical products. Both research & development are undertaken internationally, as is production. Secondary business and administration processes, such as invoice processing and document archiving, also have to meet the high requirements of such a complex system of goods, services and data flows. After all, these are increasingly becoming a crucial cost and competitive factor. With this in mind, it was decided to appoint ASTERION’s experienced BPO experts to “tame” the innumerable incoming documentation flows in its Finance Department…

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Optimisation of financial accounting: Purchase-to-pay

The automated optimization of the entire purchase-to-pay process ultimately forms the “supreme discipline” of ensuring sequentially coordinated company activities. Within this the finance department can also play a significant role in bringing about company success. Learn more!

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Optimisation of financial accounting: automatic validation

Once invoice receipt, digitization and data acquisition are assured to the same quality and at very attractive unit costs, the next issue in the process can then be addressed. Find out more!

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Optimisation of financial accounting: incoming documents

For a large number of affected companies a first, particularly rewarding step for optimizing financial processes is the improvement of the process that governs the receipt of invoices and other documents. Learn more!

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Optimisation of financial accounting: 3 important steps

Let us consider the most common problems, then illustrate the initial potential for optimization, and provide tips as to how to improve the efficiency of your accounts payable markedly with the minimum of effort and in the shortest of time by improving the invoice receipt processes.

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Optimisation of financial accounting: the problem

Even though the processes and procedures of financial accounting do not number amongst the main business activities for most companies, they are nevertheless appearing more and more amongst the core areas of interest for internal and external process optimisers. Upon closer inspection the reason for this becomes obvious…

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Paperless e-billing – on-boarding prime rule, negotiate patiently!

In the on-Boarding process there is work to be conducted in conjunction with the client (like preparation and monitoring, for example) and with the supplier (contact, NetMeetings, and implementation). Here are the main steps of the on-boarding process…

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Repository management (Master data)

Repository management (Master data) is key to all vendor invoice dematerialisation projects. It is one of the levers of the implementation methodology and it optimizes the overall processing. Hereafter a few key steps…

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Paperless vendor invoice – Which solution in a complex world?

The dematerialization of the supplier invoice allows companies to optimize and automate their inbound supplier invoice processing (or e-invoicing). It is part of a broader accounting process, the “Purchase to Pay” or “P2P”(as opposed to the process “Order to Cash” – “O2C” for outbound billing or “e-billing”). Thanks to the latest European directives, we are seeing the democratization of electronic invoicing. An approach that makes use of technical solutions that however remains quite complex. This is why, despite the legal pressure, namely the obligation to send electronic invoices to the public sector by 2020 for all businesses, they are struggling to switch to electronic invoices on a large scale.

Companies can reap many benefits from outsourcing vendor invoice dematerialization and from the optimization of its processes. The first benefits are obviously financial, but this varies across organizations.

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