Our News & Events in 2020

December 29, 2020

The mood is one of cautious optimism. New Year's resolutions will take a backseat this time as businesses globally look to simply tame the ill-effects of the ongoing pandemic and hope to emerge more determined than before. The need to maintain business momentum has never been greater as companies continue to seek novel ways to continue operations amidst new lockdown measures. We do not expect to see highly transformative changes in the coming year ...

December 17, 2020

From timing and managing your month-end close more accurately to maintaining an up-to-date inventory, NetSuite comes in as a very handy application for businesses. But that’s not it! NetSuite’s true potential comes to the fore through its tight integration with Artsyl’s codeless platform for accounts payable, InvoiceAction. The Artsyl digital transformation platform for AP automation unlocks the potential of NetSuite manifold by ...

December 15, 2020

Management of money and investments by corporations is challenging even under normal circumstances when business is booming and the market is conducive to growth. So, it is only natural that companies are doubly obliged to proceed with caution when the times are tough. In these uncertain times, companies have had to battle a previously unknown challenge in the pandemic. A repeat of the early lockdown measures and social restrictions ...

December 10, 2020

These difficulties are compounded by the fact that most companies still deal with outdated systems where business is conducted mainly using paper. Manual paper-based processes are, more often than not, error-prone, and tend to slow down operations due to the sheer volume of paperwork — a missing PO here or a duplicate invoice there, and the whole invoicing process for a single vendor could add to the overall departmental complexity and confusion ...

December 08, 2020

The ongoing pandemic has thrust renewed focus on the capabilities of the insurance sector to provide adequate, timely coverage to patients. The coverage may not necessarily be COVID-specific — the global uncertainty and general air of anxiety has prompted many to seek universal coverage, especially among the millennials. This has given rise to new market entrants with products that help reach out to claimants more swiftly, reducing reimbursement cycle times ...

December 03, 2020

Order processing software is a critical component of order fulfillment. Done right, you could garner new customers. Done wrong, your company brand could be affected. For business longevity, it is not enough that you manage customers. What you need to focus on is the customer lifecycle — knowing your customer and catering to his/her requirements consistently. For this, you need to have in place a customer-centric business model ...

December 01, 2020

When push comes to shove, most of us indeed thrive in chaos. We channelize our competencies to overcome barriers and come out the other side victorious. This time though, it’s different. With social restrictions in place, businesses are finding it a lot harder to show results for even basic administrative tasks. Coordinating front-end and back-end operations in any firm is difficult with shortage of personnel and closure of physical spaces ...

November 24, 2020

The need to skill has never been more urgent than today. Amidst various recovery measures in place and adoption of new technologies to get work done, companies have realized the need to reskill and upskill employees for long-term engagement. In fact, a common theme emerged during the pandemic — working professionals obeying stay-at-home orders spent time adding to their skillsets. This has been one of the few positive outcomes of the lockdown, but the need to stay relevant ...

November 19, 2020

Is your accounts payable department smart? Would you consider it integral to your company’s success? If your answer is in the affirmative, well done! If not, we’ll tell you what you’ve been missing out on. We at Artsyl are excited about the latest version of our proprietary Intelligent Process Automation platform for document-based content and process automation, the docAlpha 6.3, launched recently ...

November 17, 2020

Any software deployment can be an epic fail if you do not know what you’re looking for. Before shopping for AP automation software, follow these routine, yet often overlooked tips to make your journey towards digital transformation a success. AP Automation has become a must-have for forward-looking companies in recent times. One of the reasons is the quick ROI that companies get — usually users experience a good turn around in invoice processing ...

November 12, 2020

The term Industry 4.0 primarily pertains to the digitization of the manufacturing sector. But the transition to 4.0 technology in other sectors is also happening at a rapid pace. We’ve covered the different disruptive tools in use in the manufacturing sector that are helping make the transition to industry 4.0 a reality. And yet, with the induction of smart systems in practically every labor-intensive process in most sectors, the digital transformation taking place ...

November 10, 2020

Have you noticed how businesses are increasingly relying on data to get work done? This pandemic has especially cast renewed focus on the importance of data and data management. With the imposed social restrictions still in force, to a certain degree, the critical factor that’s driving businesses these days is data. You’ve probably witnessed this at your local pharmacy, where you get a reminder for your next refill of prescription medication ...

November 05, 2020

Previously, we discussed one instance of development of a connected enterprise in delivering heightened business outcomes — having a transformative technology like medical claims processing software handle patient claims helps not only streamline the entire document-based process but also connect payers, providers, and the various stakeholders, invested in closing claims, on a common platform. The collaboration that is achieved with this kind of a connected setup helps ...

November 03, 2020

Technology makes everything better. Today, transitioning to the next level in terms of efficiencies, process control, and productivity has become easy thanks to intelligence-enabled workflows. The latest version release of our proprietary intelligent process automation platform, the docAlpha 6.3, offers such capabilities. Intelligent Automation brings to the fore immense use cases that help businesses solve everyday tasks with ease. We’ll discuss a few of the many advantages of ...

October 29, 2020

Good decision-making is possible when you have the right information in your hands. Timely product and service delivery is also dependent on correct information. Going by this, we can agree that businesses need to concentrate as much on building infrastructure to enable access to correct data as they would on building products. But this hasn’t been a point of focus for many companies for one primary reason: most of them are still stuck in their old ways and dealing with ...

October 27, 2020

Intelligent Capture helps companies transcend typical capture bottlenecks that have kept them from adopting complete end-to-end automation for document-based processes. To initiate any process such as accounts payable or claims processing, you need data. In reality, getting access to transaction and source documents was time-consuming due to the inefficient capture methods used — documents from diverse sources would be manually entered, scanned, uploaded ...

October 22, 2020

One more automation software in the market! Is it really needed? Enterprise software and office automation is now commonplace in the corporate landscape. With new technology solutions propping up every day, the question is do businesses need one more tool to get work done? The answer is YES! Technology enables enterprises. Businesses may not need another software tool to replace an existing one but what they definitely should look to build ...

October 20, 2020

Work-from-home measures have prompted the need for a connected enterprise. This has, inadvertently, opened up new avenues to reach out to the customer, an exercise that proved quite difficult to achieve during the pandemic. ‘What the customer wants’ is an age-old conundrum that has invited numerous studies, discussions, and marketing strategies over the years — it was easy in the pre-COVID19 era when meeting up with a client seemed like a no brainer ...

October 15, 2020

With the advent of technology, processes and process control within organizations have transformed from being mere operational units to major strategic hubs. One such example within all companies is the accounts payable function, which has transitioned from a traditional cost center to a strategic working capital unit. In fact, the AP department has become so valuable that organizations are setting aside a definite IT budget to either deploy more ...

October 13, 2020

Tough times call for tough measures. Exercising austerity in a tough economy is natural for many companies and we are seeing first-hand the benefits of delivering prudence in spending habits and cutting down on unnecessary expenditures. But the overall sentiment among SMBs is they should have prepared better. No exaggeration there — given the frequency with which all the major capitalist economies around the world have faced or are facing a recession-like situation ...

October 08, 2020

Customer delight. It’s no longer just part of a motivational quote that sits on your desk. It’s an actual thing! Countless books detailing strategies, methodologies, to-do lists, and gimmicks have been published to entertain, attract, and engage the savvy customer. But, at the end of the day, it all comes down to three things ...

October 06, 2020

Even in an increasingly digitized world, the importance of human capital hasn’t diminished. Companies are finding it difficult to hire talented staff that can manage new challenges and business models with every new innovation, product, market opportunity, and consumer demographic. While continuous learning is becoming a regular phenomenon among the current generation and mid-level professionals as well, the skills that workers come with is still limited in scope ...

October 01, 2020

Technology is an enabler. We’ve seen the rapid transition companies have undergone by simply automating routine, repetitive tasks. Almost every sector has been impacted positively by Intelligent Automation (IA) solutions. And this trend doesn’t seem to slow down any time soon — Statista reports at least 39% of respondents to their 2019 global survey are said to have adopted Intelligent Automation at a functional level ...

September 29, 2020

This latest release extends the already feature rich platform with over 50 additional capabilities and enhancements. Notable new features include integration with Microsoft Cognitive Services AI based machine learning for receipts; upgraded UI for user clients; additional ERP integrations including support for SAP Business One HANA, Oracle NetSuite, and Microsoft Dynamics D365 Business Central; as well as integrations with low-code RPA and workflow platforms such as Appian, Blue Prism ...

September 24, 2020

Data forms the crux of any business process. And so, it follows that whatever trajectory a business takes very much depends on the data it has been fed. Getting access to the right data is vital for the success of a company. Say, you are processing a claims form. If due diligence with regards to the authenticity of the reimbursement claimed or the provider information is not done, one could end up overpaying or paying a fraudulent claimant ...

September 22, 2020

The manufacturing sector has always paced itself to incorporate the right technology solutions that accelerated operations and brought in high returns. The early stages of the industrial revolution saw the establishment of heavy industries. Large deposits of coal and fuel made it possible to set up heavy engineering divisions that were capital-intensive and required large scale infrastructure and large machine tools ...

September 17, 2020

In an increasingly volatile economy, industries are looking for novel ways to become more resilient to market dynamics. The Oil and Gas sector, in particular, is leading the charge in finding a suitable solution for sustainable growth and productivity. Today, companies have a better understanding of risk and factors impeding continuous production. Much of these factors are associated with the incessant market volatility and global economic slowdown ...

September 15, 2020

Often, employees are asked to set up a few performance metrics or KPIs in relation to their job. They need to report these metrics at their monthly meetings as a way for the management to gauge their progress. Sounds simple enough? Not! If measuring KPIs is one thing, identifying suitable metrics is a whole different ball-game ...

September 10, 2020

You have a pile of invoices to reconcile after having purchased goods and raw materials for your business. Small business owners like yourself know the importance of time and resources, and how critical it is to achieve maximum results with optimal usage of your resources. Why AP Automation? Maximizing output from human and structural capital helps propel operations. And, subjecting your talented staff to mundane, uninspiring work is not one of them ...

September 08, 2020

First of all, let us get this myth out of the way. Intelligent Process Automation does not ELIMINATE the workforce, rather it AUGMENTS it. Automation has come a long way in providing streamlined solutions to everyday challenges in the workplace. And with the ensuing after-effects of the pandemic coupled with labor and monetary challenges, companies need a lever to navigate efficiently through the turmoil and re-establish a winner’s mindset at the office. ...

September 03, 2020

Digitalization is the answer to doing away with the inefficiencies associated with paper. Optical Character Recognition (OCR) has for a while been the popular technology to digitize paper documents. However, this method of recognizing and capturing data from paper documents falls short when the quality of the image is not great. OCR fails to retrieve all vital data from paper if the image is poor and requires a suitable image preprocessor to prepare the document ...

September 01, 2020

Thirty years ago, the promise of an automated future began with the re-branding of accounting systems into something vendors began calling ERP (enterprise resource planning) systems. At the time, the re-positioning of accounting systems as a system that centralized data for all departments and processes within an enterprise — including produce, deliver and account for customer orders, was seen as the cure for data and process blindness ...

August 27, 2020

When it comes to access and responsibility for data that feeds company insights and informs key performance objectives, CFOs and their staff take center stage. All too often, the biggest challenges CFOs face is access to data that is timely, accurate and relevant as leading indicators of performance. Even in an ideal world, where that data is at their fingertips, the question of how to interpret and act upon that data remains a challenge. The promise of business intelligence and magical dashboards that track the pulse ...

August 25, 2020

When you look at the options available to companies today to automate their finance and accounting processes, it’s surprising the extent to which accounts payable and accounts receivable work constitutes manual labor. From handling and filing physical and digital invoices, to manually routing documents for approval (either via a mail cart, Fedex or via email), to keying in data to ERP systems by hand, it’s no surprise that most companies struggle to keep up ...

August 20, 2020

When it comes to quotable business advice that stands up to the test of time, you can hardly do better than Peter Drucker. Both of Drucker’s most famous quotes are particularly timely and relevant when it comes to finance and accounting and the business processes they support . And when you look at the new, exciting opportunities presented by intelligent process automation today, there may be no better time to take Drucker’s aphorisms to heart and challenge ...

August 18, 2020

RPA by itself is a mere mechanical droid that performs basic human tasks; it cannot handle a change in the standard, familiar tasks and needs human intervention. Augment Intelligence to RPA to enable touchless processing of basic and complex human tasks. A look at the Intelligent tools that enable ‘autonomous RPA’. As more and more organizations prepare to transition from a people-driven to a process-driven setup, the need for Robotic Process Automation (RPA) ...

August 13, 2020

When it comes to business process automation, it’s amazing how rapidly things seem to have evolved in the last 18 months alone. If you look back to 2018, robotic process automation (RPA) was an emerging new technology approach that was garnering lots of attention, but it’s application wasn’t widespread. Fast forward to today, and not only had RPA been applied across companies of all sizes and industries ...

August 11, 2020

In the age of Amazon, our expectations as consumers have gone beyond minimizing costs to maximizing convenience. Frictionless purchasing and fulfillment, from same day or next day delivery to one click (or no click voice command) purchasing, have raised our expectations as consumers. And the expectations we have as consumers translate into the same sorts of expectations we now have in the B2B world ...

August 06, 2020

Tough times call for tough measures. An economic slowdown affects both large corporations as well as SMBs in equal measure, but the road to recovery is tougher for small and medium sized businesses. That is because SMBs generally tend to focus on their core competence and rely heavily on one or two market segments for revenue generation. Large enterprises have the benefit of spreading the risk of non-performance or low productivity ...

August 04, 2020

Dynamic case manage systems that can handle complex sets of data, documents and decisions have been around for decades, delivering the ability to help track and manage complex processes in a more sophisticated, efficient and predictable manner. For the most part, these systems have delivered on their value proposition — with a few exceptions...

July 30, 2020

Knowledge Discovery is not a new subject in either research or industry — wherever there is business, data and knowledge follows. The difference is, today that data is being mined using intelligent bots rather than human effort. The best information regarding the trajectory your company is taking and the opportunities to redirect it to boost revenues and growth can be found in your mission critical operations. Functions such as...

July 28, 2020

Lack of agility in handling accounts payable tasks is one of the primary impediments to companies achieving healthy cash flows and realizing savings. Intelligent Process Automation makes AP agile by introducing a natural streamlining of operations and proactive vendor invoicing ...

July 23, 2020

Intelligent process automation solutions are quickly transitioning from pilot projects and initial test phases into real world applications that live up to their hype — particularly when it comes to automating back office business processes. From the standpoint of the trade press, this is a two-edged sword. One one hand, the hype and promised of “AI-powered” applications sound cool and interesting, warranting interest and readership ...

July 21, 2020

The art of impressing the buyer has evolved over time. Today, cognitive technologies like Intelligent Process Automation have raised the customer engagement game several notches up with real-time buyer insights and indulgence. With accurate buyer analysis from captured transactional data and instant re-engagement, making customers happy has never been this easy...

July 16, 2020

When it comes to streamlining and eliminating inefficiencies related to the payment of goods to vendors or the receipt of payment from customers, both processes suffer from the same kinds of obstacles and bottlenecks. The good news for companies deciding to reject manual processes for accounts payable and accounts receivable, is that today’s intelligent process automation solutions can be applied cost effectively, with tangible results for either process ...

July 14, 2020

In today’s competitive global business environment, companies are continually looking for new ways to drive growth without inflating costs so they can grow the top line without inflating their bottom line. In that context, it’s surprising that companies continue to overlook intelligent process automation and opportunities to eliminate process waste and related costs related to manual order entry related to processing customer sales orders ...

July 09, 2020

When you look at industries that have thrived on process improvement to drive greater efficiency and profitability, manufacturing companies rank at the top of the list. In a global market where competition is fierce, margins can be tight and customer expectations are high, predictable results, produced as a result of efficient processes with minimal waste is the lifeblood of success ...

July 07, 2020

Business Process Outsourcing as a corporate strategy dominated most of the last decade and continues to be one of the primary means by which organizations achieve their business objectives. The initial requirement for outsourcing auxiliary tasks came about from a lack of expertise in the field and the need to reduce operational costs. Auxiliary services can be defined as those functions that do not contribute directly towards the growth of an organization ...

July 02, 2020

Raw data by itself does not hold any value. You need to know how to take advantage of that data. Structured data provides definite classification of information, so businesses find it easy to access, manipulate, plot, extrapolate, and infer unknown trends from known data. Intelligent capture software with transformative technologies such as AI and Machine Learning offers businesses the opportunity to capture and take complete advantage of business data ...

June 30, 2020

New process automation technologies are allowing companies to transition from being process-focused to customer-focused. Gone are the days when corporate weekly meetings involved figuring out how to accomplish business tasks. Today’s corporate discussions are centred more around the customer and how to retain them for the long-term — this is in large part thanks ...

June 25, 2020

According to a recent B2B Payments Survey, manual invoice processing is the biggest challenge (65%) small business owners say they face, and the second-most pressing problem for treasury departments in larger organizations. For those larger organizations ($1B+ in revenues), more than half (54%) consider manual payment processes as one of their top three payment-related pain points ...

June 23, 2020

When you look at the kind of dedicated, detail-oriented, process-oriented, hard working person you typically find in an accounts payable role, it’s not so unusual to want to find better ways to take advantage of their time, talent and dedication that manually keying in information from a printed invoice, or fielding vendor phone calls/emails asking the same question over and over ...

June 18, 2020

Half your sales battles can be won by knowing your buyer. Tracking your company’s buyer journey will help strategize and implement sales more effectively. Pen and paper aside, in the age of cognitive computing, a simple tool such as Intelligent Data Capture comes in handy when tracing buyer journeys ...

June 16, 2020

Technology has come a long way in enabling businesses to react to market fluctuations more prudently. Price changes to raw materials and goods is a natural response to market dynamics and the economy. The procurement or purchase department of a company is responsible for making note of price changes in raw materials and equipment, and revise buying accordingly— any deviation in purchasing against the allocated budget could affect ...

June 11, 2020

Lean is in. Weight watchers will tell you this, naturally. But there is a whole new segment of prudent inspectors who will vouch for this fact as well— they are your accountants. Closing the books on a monthly or quarterly basis is a daunting task. Ask any accounting executive this and they will nod in quiet agreement. The problems facing the accounting department in any industry vertical are the same ...

June 09, 2020

Easy as it seems, maintaining an up-to-date database of your suppliers can be a complex chore if you do not know where to begin— should you source all the files from your purchasing department, the archived contracts, or ask your colleagues? Given the frequency with which your company may be ordering raw materials and other supplies, it does not seem likely that you will finish preparing your vendor list ...

June 04, 2020

There’s nothing new under the sun, as the saying goes, and the aphorism holds true when it comes to business process outsourcing and automation. As long as their have been businesses, business leaders have sought out strategies to lower their costs and improve productivity, with the goal of outmaneuvering competitors while bring better services and products to meet customer demands. The song remains the same, as they say ...

June 02, 2020

Today in the U.S. new innovations in intelligent process automation are set to disrupt the $22 trillion B2B payments market. The potential to automate document handling, data entry and transaction processing in a way that is flexible and intelligent enough to function without tons of IT or development overhead is making it more and more difficult for companies to bear the costs and risks of analog, manual processes. ...

May 28, 2020

Significant cost-cutting measures across departments and forced worker absenteeism is tending to slow down processes, business outcomes, and overall productivity. The positive aspect of the enforced quarantine measures and worker restrictions is that businesses are now beginning to allot a considerable chunk of their shrinking IT budget towards investments in AI and Machine Learning...

May 26, 2020

A wave of intelligent process automation solutions designed to eliminate routine manual operations like data entry, document handling and workflow routing has changed the way companies will think about process efficiency and the roles of their process owners. Within the next decade, knowledge workers involved in paying vendors, filling customer orders or a range of other high-volume transactional processes are no longer going to be focused on manually...

May 21, 2020

As consumers, we’ve been spoiled by the riches of online convenience—much of it delivered by automated systems and process intelligence that’s invisible to us. Business leaders, department managers and process owners in the B2B world have begun to see their day to day work lives change because of this rise in consumer convenience and customer expectations. As the pace of change accelerates, technology innovation races ahead and the bar for customer satisfaction ...

May 19, 2020

Blue Prism’s software enables organizations to automate manual, rules-based, mission critical processes, helping to reduce costs and improve accuracy through the creation of a new "digital workforce." Artsyl Technologies’ Intelligent Process Automation Platforms leverage Transformation technologies such as AI based Machine Learning and Robotic Process Automation to intelligently extract data from ...

May 19, 2020

There’s nothing new under the sun, as the saying goes, and the aphorism holds true when it comes to business process outsourcing and automation. As long as their have been businesses, business leaders have sought out strategies to lower their costs and improve productivity, with the goal of outmaneuvering competitors while bring better services and products to meet customer demands. The song remains the same, as they say ...

May 14, 2020

Data analysis and business intelligence always seem like components of a farsighted ‘to-do’ list that never comes to fruition for most businesses. Not anymore! The COVID-19 outbreak has forced organizations globally to re-engineer their business processes to do more with less. ...

May 12, 2020

The COVID-19 outbreak has literally halted life as we know it. And businesses are toppling at a steady pace. Even with all the resources in hand, both SMBs and large corporations are exhibiting a near handicap in terms of conducting operations and delivering the basics. Socio-economic immobility is a relatively new complication for nations globally. Almost all capitalist economies have witnessed a financial disaster at some point, either due to mismanagement of the federal ...

May 11, 2020

The wait is over as the tech community gears up for the low-code automation event of the year! This year, tech enthusiasts, business analysts, professionals, and industry experts have the best access to this premier show as Appian World 2020 goes virtual. With registration being free, it is guaranteed that all seats will be taken—the event is THE access point for companies looking for business acceleration using the Appian toolset ...

May 07, 2020

Learning is a lifelong process— the more adept you are at something, the better your prospects of getting results. At Artsyl, we take this theory to heart. We hold our extensive ecosystem of partners and customers to a high regard and are always looking for ways to enhance their Artsyl experience, and learning is an essential component of that experience. ...

May 05, 2020

Buried beneath all the hype and the breathlessly optimistic predictions from industry analysts about intelligent process automation (IPA) are the real world results companies today are already experiencing by applying a more flexible, intelligent automated approach to processes like vendor invoice and customer sales order handling. These less-than-glamorous use cases are the real grist in the AI mill, with Gartner citing automating of routine manual tasks (66%) ...

April 30, 2020

Few companies have come to understand just how profoundly new technology approaches to process automation are changing the game when it comes to automating business processes—particularly those that impact high-volume financial processes like accounts payable and accounts receivable. Advances in AI, though more specifically in machine learning, have made the process of configuring workflows, creating definitions to classify documents and extract data ...

April 28, 2020

When it comes to automating back office processes, the two most common, high-volume, labor-intensive candidates for intelligent automation are vendor invoice management for accounts payable, and customer sales order processing for accounts receivable. Both are target-rich when it comes to opportunities to target and eliminate waste. One affords the organization better opportunity to manage cash (by increasing visibility) and cut costs ...

April 23, 2020

We are only a few months into the New Year, and organizations are already in the corporate game— trying to attend the best technology conferences and events around the globe. Networking and summit meets are a good way for companies to be in tune with the latest technology trends and analyze their standing amidst the competition. How much companies invest in business networking has ...

April 21, 2020

The COVID-19 pandemic has thrust upon providers a sense of urgency in delivering healthcare services to patients. Not just care givers, healthcare insurers and the larger payer networks are also gearing up to aid in the immediate delivery of care, pursuant to the revised waivers and rules listed in the Interim Final Rule and the regulatory flexibility accorded to providers by the US Department of Health and Human Services ...

April 16, 2020

For accounts payable professionals who take pride in their work and believe in elevating the role of their team and positioning themselves as more than just that of a ‘cost center,” surveys of executive views and perceptions suggest how important it is to look at their department and its achievements through the lens of a company executive and consider the bigger picture. ...

April 14, 2020

You have the best infrastructure in place, formidable human capital, and a decent portfolio of customers to keep your business running smoothly. These are the common factors of production that most organizations take great steps to retain for the longest time. Structural capital is not challenging to retain; however, both human capital and customers are portable and tend to change the financial dynamics of a company very quickly, based on how well they are managed. ...

April 09, 2020

Intelligent process automation (IPA)—a combination of low code, process owner-friendly automation and adaptable machine learning technology—is making better, faster, cheaper more practical than ever before. Applied to routine tasks typically executed by a human user behind a keyboard with a mouse in hand, IPA is reducing the waste, inefficiency and repetitive stress injuries (both physical and mental) associated with dull ...

April 08, 2020

For a long time, Cobalt Boats’ AP was manually processing invoices. Apart from under utilizing skilled personnel by performing mundane, repetitive tasks; manual accounts payable functions are often error-prone, and slow down processes as a result of missing or incorrect data entry ...

April 07, 2020

Recent articles in InfoWorld and elsewhere in the technology and business press document the transformation we’re witnessing as companies take a new approach to automating routine processes like accounts payable, accounts receivable and other data- and document dependent workflows. Most of the attention is paid to the process owner and the business leader in these transformative stories of how companies finally overcame ...

March 31, 2020

“...the workflow data obtained from an order processing software gives you insight into customer purchasing behaviors. You can use this information to stock-up or revisit your inventory management and ensure better service delivery. The decision-making as a result of having a clear trail of orders and fulfillment is one that is informed and prompt. This ability to decide based on processed data makes the order processing software your growth manager...”

March 25, 2020

Artsyl’s Intelligent Process Automation, combined with Appian, leverages digital transformation technologies and accelerates the automation of content acquisition and validation from structured and unstructured document sources. ...

March 24, 2020

Going it alone is passé. Joint ventures are all the rage as insurers increasingly witness the benefits of teaming up with healthcare providers. And a robust claims processing software is helping them achieve this. A lot of good happens when two entities collaborate to service the customer better. A great deal of good happens when insurers and providers team up to facilitate affordable care. This has been the trend for the past few years and continues ...

March 19, 2020

To offer good health insurance plans, provide the two things buyers look for— value based payment models and quick reimbursement. Think claims processing software for success. Healthcare payers play a central role in the realm of medical provisioning and care. Ensuring successful patient outcomes is as much the responsibility of payers as it is of providers. As the costs of hospitalization and medication increase by the year ...

March 17, 2020

A tough economic climate is the ideal time to revisit your receivables management strategy. Get ready to consolidate your resources for the financial juggernaut ahead. You have been putting off the idea for quite some time now— and why wouldn’t you? You have the orders in hand, fulfillment is just about manageable, your accounting team is doing a decent job of reaching out to customers for payments— there is no great urgency for you to automate your order management practice ...

March 12, 2020

With NetSuite Suiteworld 2020 on the horizon, (rescheduled to August 10-13, in light of the Coronavirus Pandemic) in Las Vegas, it’s a good time to re-examine how companies that rely on cloud-based ERPs are able to innovate and achieve more timely access to data—and how they can achieve even more ROI from their enterprise resource planning system. For companies that have already made the switch from legacy, on-premise ERP systems to cloud-based systems like NetSuite ...

March 10, 2020

Buyer preferences are forever changing and are as fleeting as the morning dew. However, if you look at the purchasing trends across different consumer segments, a common theme or factor emerges— not all customers want the latest gadget in store but almost all of them worry about the quality and affordability of a product or service they are hoping to buy. Will this work? Do I need to upgrade it regularly? Am I getting a discount on this? — Customers usually transition to the next stage in the buying cycle based on these evaluations ...

March 03, 2020

With SSON 2020 on the horizon, March 23-26 in Orlando, we thought it might be a good time for a refresher on the latest trends for companies relying on a business process outsourcing (BPO) strategy and for the partners they work with to achieve greater productivity, lower costs and find a competitive advantage. If you plan on attending SSON, consider this a primer that will help you to prepare to get more out of the show when walking ...

February 26, 2020

The Artsyl Technologies team will be in attendance at HIMSS 2020 in Orlando, meeting with prospective partners and customer to explore intelligent process automation solutions for revenue cycle management to accelerate cash flow, support compliance and deliver a better patient experience. Whether you’re planning to attend this March — or, have decided to take a pass on this year’s event, now is a great time to catch up on the latest technologies and best practices ...

February 25, 2020

Team Artsyl will be debuting at this year’s Appian World event in Florida! The annual event is a heavyweight among tech conferences, with industry experts, IT professionals, and Appian business partners from around the globe converging to discuss the future of low-code technology and intelligent automation for business transformation ...

February 13, 2020

The annual Acumatica Summit (Jan 26 - Jan 31) was upon us again and once more delivered on the high expectations of the over 2000 attendees who were there. The popular cloud ERP event brought together customers, partners, and industry analysts for a week-long marathon of sessions, workshops, storytelling, strategy, and roadmap. Artsyl made its presence felt as a Premier Platinum Sponsor and seasoned Acumatica User Group (AUG) member! ...

February 17, 2020

Looking ahead to the near future of IPA and artificial intelligence, analyst firms IDC and Forrester forecast that companies that took some small steps to innovate in 2019 will boldly go beyond pilot projects or single-process initiatives into broader, cross-departmental efforts ...

February 11, 2020

Today’s multi-national enterprises present unique challenges to accounts payable as a result of complex structures and the need to adhere to a broad set of compliance requirements. Multi-entity, multi-currency operations, that must comply with regional, national and international regulatory requirements present challenges for even the most operationally and technologically sophisticated organizations. Surprisingly, however, within many of these large ...

February 06, 2020

When it comes to various roles within finance, all too often the level of collaboration is far less than it could, or should be, to deliver optimal results. When it comes to AP and treasury, often both groups remain focused on their own roles and responsibilities, with minimal collaboration. While both AP and treasury manage and maintain control over cash within an organization, surprisingly, these two groups often work in siloes. All too often, that kind of situation is the rule rather than ...

February 04, 2020

In spite of all sorts of exciting, affordable and easy-to-implement solutions to automate accounts payable processes, the reality is that most companies still rely on outdated accounts payable processes that depend on manual document handling, data entry and approval routing. Odds are, your company is one of them. According to Goldman Sachs, North American businesses waste $187 billion annually on payment processing costs. Small businesses spend a whopping $22 to pay ...

January 30, 2020

As the Manager for Claims Administration at Workers’ Compensation Trust, Kathleen Bepko is responsible for overseeing all of the documents and information that are part of the workers’ compensation claims process. Those claim-related documents include a steady stream of medical bills and corresponding reports — typically about 4,000 each month — which the staff used to sort, route and then enter manually into their claim and medical bill processing systems. ...

January 23, 2020

Leading mid-market intelligent process automation solution provider for back office processes partners with Jitterbit to deliver more flexible, scalable ERP and ECM System integration to deliver end-to-end straight through process automation ...

January 16, 2020

In most organizations, back office operations are typically seen as a cost center, which often translates into accepting inefficiencies as the cost of doing business. In reality, while there are certainly costs associated with operations like accounts payable and accounts receivable, there are also opportunities to refine and improve those processes to minimize costs and focus on their contribution to business goals. ...

January 14, 2020

While it may seem obvious to your accounts payable team that manual processes are a waste of time, effort and talent, selling the investment on automation to the CFO often generates a common reaction—why now, and why fix a process that doesn’t seem broken. ...

January 14, 2020

Proud Platinum Sponsor to the Event ...

January 08, 2020

As an orthopedic surgery executive administrative assistant, Jennifer Simon is responsible for scheduling patient surgery and handling all of the documents and information to be input into the hospital system. The database of patient records she maintains includes over 20,000 patient files, each which may include dozens of documents. ...

January 08, 2020

As an orthopedic surgery executive administrative assistant, Jennifer Simon is responsible for scheduling patient surgery and handling all of the documents and information to be input into the hospital system. The database of patient records she maintains includes over 20,000 patient files, each which may include dozens of documents. ...