Our News & Events in 2021

December 30, 2021

As businesses move into the new year, they will continue to accelerate their digital transformation initiatives. The focus will be on digitalization of work spaces and an effort to lower the costs of operations and labor. Effective data management and timely sourcing of data will also be top of the agenda for businesses. But the uncertainty still looms large, and many businesses are yet to recover from the economic stagnation over the past two years. The need of the hour for many is to rebuild their ...

December 28, 2021

Budgeting is a yearly exercise that companies undertake. A company’s budgeting strategies and budget allocations will determine its future. In today’s fiercely competitive marketplace, budgeting is no longer just an exercise in fiscal restraint, savings, and prudent purchases. Determining budget allocations for new projects, investments, and technologies will determine the onward trajectory of a company. Sustainable businesses are built as much on the kind of budget that is set for ...

December 23, 2021

What is transaction data? The data and documents that support everyday buying and selling mostly constitute transaction data. Whenever a company interacts with its external stakeholders like vendors and customers, a considerable volume of data and information is generated. Everyday business processes can produce tons of valuable business data that is difficult to capture manually. This transaction data supports vital business processes in finance, supply chain and logistics, transportation ...

December 21, 2021

Acumatica Cloud ERP software finds application in many different verticals, and supports small and mid-sized companies to optimize their business management efforts. Its fully integrated suite of ERP applications help companies streamline Finance, Distribution, CRM, Project Management, eCommerce, Field Service, etc. Workability is at the core of any successful business application. With Acumatica, users have the benefit of customizing the solutions to meet their business requirements while ...

December 16, 2021

It’s that time of the year when companies will be revisiting their annual budgetary allocations for various projects and growth initiatives for the coming new year. Given the increasing focus on the need to go digital in order to survive and thrive in a competitive market landscape, businesses are doing all they can to implement innovative solutions in their workplace. And accounts payable automation has been one of the primary technology adoptions for many growing and mid-sized businesses ...

December 14, 2021

We discuss why automated invoice processing is needed for QuickBooks. QuickBooks is a formidable accounting software that is helping companies keep a check on their finances. But the initiation of accounting operations in QuickBooks, as with most business processes, begins with data entry. The right AP data entry to QuickBooks elevates its efficiency and helps companies build accounting best practices. Accessing this data by traditional, manual effort is time-consuming, laborious, error-prone ...

December 09, 2021

No code is no longer just a buzzword but reality for many forward-looking companies. In a fast-paced market environment, companies are increasingly looking for ways to build efficiencies into their work processes to lower costs and ensure faster returns. Part of this effort has been to invest in advanced technologies that lower the complexities and costs of building applications, needed to support vital business functions. And no code has been the popular way to accomplish that ...

December 07, 2021

Logistics and Transportation are sort of the nerve center of business. In this age of industry 4.0, it is only natural for this sector to be undergoing digital transformation. In today’s competitive market environment, if you are unable to deliver customer orders quickly, they will swiftly take their business elsewhere. Customer is the king. More importantly, today’s customer base is highly knowledgeable and aware. When a buyer decides on a product or service from you, it should be known that they have done ...

December 02, 2021

Appian’s low-code application development platform helps users build their own apps and workflows without having to code. Appian is helping many companies save thousands on application development and lower the dependence on IT to automate processes — facilitating positive business outcomes. Artsyl augments Appian’s capabilities further by delivering actionable data during process implementation in Appian. Information is power. Many of the business processes run on data ...

November 30, 2021

Procurement and payments processing are essential business functions that determine the overall success of a company. Done right, companies could yield higher revenues. Done wrong, they could be paying in terms of process inefficiencies, operating costs, lost business, and missed revenues. Traditional management of these mission critical operations usually entail a lot of labor and time. Added to these are the lack of visibility and transparency in how products are being procured and paid ...

November 23, 2021

Automation of any process that happens without any manual effort is called straight-through processing. In a continuously changing marketplace with a dynamic workforce and a largely informed customer, those companies that make the effort to reach the customer first will succeed. Straight-through processing of critical operations in the workplace will help with that. The functional areas where straight-through automation technology finds application the most are also critical ...

November 18, 2021

Enterprise resource planning (ERP) software enables businesses to manage functions and processes in a streamlined way for better productivity. Process implementation in an ERP system depends on the data that is fed to it. This data, mostly transaction information, comes from disparate sources. Consolidating transaction data for use in an ERP system takes a lot of manual work. When dealing with day-to-day operations, there is a lot of data that is generated ...

November 16, 2021

Smart processes are designed to bridge the gap in business — the coordination and collaboration that is missing between different business units and departments of an organization. Processes hold the key to connectivity between different functional units and departments. The accounts payable department must coordinate with the purchasing department to tally a vendor invoice it received for authenticity before approving the payment to the vendor. In this case, the invoice processing function ...

November 11, 2021

In an ever-changing market landscape with new innovations and products emerging every minute, one thing has remained the same: Customer is still king. Every company is developing its own unique customer-first strategy to reach the buyers first — and technology is playing a major role in helping them achieve that. Technology is an enabler and helps mobilize operations with little impact to underlying systems and processes ...

November 09, 2021

Accounts payable is thought of as a routine office chore but if done incorrectly, could cost companies in the hundreds and thousands in reprocessing costs, overpayments or delayed payments. A company’s standing in the marketplace is determined by how reliably it can repay its debt to the various stakeholders including vendors and partners. And prudent accounts payable (AP) practices help achieve that. While one cannot rule out fraudulent AP practices by staff, a majority of the mistakes ...

November 04, 2021

Intelligent process automation is changing how the insurance industry handles claims. Advanced automation solutions have impacted many industry sectors positively, and it is the case with the insurance sector as well. The adoption of intelligent automation solutions in the insurance sector is a response to the growing purchasing power and changing needs of the buyer. Although businesses are slowly getting onboard with digital transformation, there is still a greater necessity and scope ...

November 02, 2021

The docAlpha 6.4 is Artsyl’s intelligent process automation platform and the latest version. We’ll discuss all the new features and how this version will amplify user experience. Artsyl is invested in the development of intelligent automation technologies that help users accelerate mission critical processes necessary to deliver on customer demand. Manual handling of mission critical tasks is often error-prone and inefficient ...

October 28, 2021

There is endless debate on social media about the future of work and remote work, in general, post COVID-19. While it is certain that we will not be going back to how things were before the pandemic, there is still a lot of uncertainty about what is to be expected and how it will benefit businesses, employees, and the corporate ecosystem at large. How will businesses and the workplace transform in preparation for the new normal? ...

October 26, 2021

The pandemic and the ensuing disruptions, as a result, have forced businesses to rethink the way work is done. Part of this necessary ‘re-engineering’ of work and workspaces were possible with cloud computing and using cloud based business models. There is no doubt that cloud computing played an important role in bolstering businesses and mobilizing supply chains and office work globally. Given the remarkable mobility of operations using this technology, it is only logical that cloud ...

October 21, 2021

Sound accounts payable (AP) operations help a company lower their liabilities and improve cash flows. The main responsibility of the AP department is to reconcile all outstanding payments to vendors. The department must review all transactions with its vendors and ensure timely invoice payments. Invoice processing is a major part of accounts payable operations. Processing an invoice involves performing a lot of ...

October 19, 2021

Intelligent document processing software allows businesses to digitally enter and process business documents. The software is most useful when you want to automate the processing of transaction or source documents like vendor invoices, customer sales orders, receipts, packing slips, credit memos, bank statements, etc. related to SAP Business One. SAP Business One automates and aligns primary business functions in finance, human resources, etc. Part of successfully executing ...

October 14, 2021

Data drives a lot of the business processes today; be it vendor invoice data for performing accounts payable operations and reconciling vendor payments, or data from medical claims forms needed to process medical claims and decide on reimbursements. Businesses generate and interact with data all the time. A lot of the enterprise business applications like Acumatica Cloud ERP, QuickBooks accounting software, and Microsoft Dynamics 365 run on data ...

October 12, 2021

Too much focus and diligence to clear short-term debt can force companies to postpone their long-term growth plans indefinitely. This is a common occurrence, especially among small and mid-sized businesses. Growing companies, including small businesses, are always strapped for cash. Short-term debt reconciliation can lead to low month-end or quarterly cash flows, making it difficult for companies to think of opportunities beyond their current state of business ...

October 07, 2021

Even though going digital is quickly becoming the norm among many forward-looking companies, the process is often difficult to realize fully. That is because most businesses deal with paper and document-dependent functions at the operational level. Something like a back-office in a typical company meeting with external stakeholders like vendors and customers is always dealing with truckloads of paper ...

October 05, 2021

Let us get to the basics of intelligent automation to understand why this technology is quickly becoming a critical component of almost every company’s digital transformation initiatives. Intelligent automation is a combination of many technologies that are capable of digitally transforming systems, processes, workflows, and entire departments. These include Robotic Process Automation (RPA), Business Process Automation (BPA), intelligent data capture, Artificial Intelligence AI, machine learning ...

September 30, 2021

The pandemic and ensuing social and economic disruptions have taught us one thing — that technology is key to getting work done. The rapid deployment of cloud based applications and intelligent automation technologies in the days following the first outbreak are a testament to this fact. Intelligent automation has been most useful and impactful for jobs that involve a lot of manpower for repetitive paperwork. One of Artsyl’s premier clients, involved in the commercial trucking and tires business ...

September 28, 2021

The pandemic has challenged the business world in ways one has never witnessed before. The ensuing disruptions and business stagnation it has brought with it has alerted companies to one very important consideration: going digital. While technology adoption and digital transformation has been in the works for the past decade, especially among the forward-looking companies, the transition has nevertheless been slow. Of course, it goes without saying that those companies ...

September 23, 2021

The pandemic and the ensuing disruptions it has brought with it has prompted the corporate world to transition to a more agile work environment. Of the massive instability and uncertainty that has come about in the past few months, supply chains globally probably took the most hit. But then again, it was the supply chains that also had to adapt quickly to the ensuing disruptions and re-engineer the way they did business. Not just social and economic disruptions, supply chains ...

September 21, 2021

Processing over 90000 inbound vendor invoices at a stretch without breaking a sweat! Who doesn’t want that for their business? Accounts payable automation is now a business necessity for many forward-looking companies. With out-of-the-box intelligence and tight API-level integration with many ERPs and business applications, AP automation brings companies the leverage to accelerate invoice processing and scale operations without adding to staff or operating costs ...

September 16, 2021

Streamlining a business process ensures better transparency and communication between participants along the process chain as well as with connected systems. A major portion of the business processes are document-based. We’ll discuss document workflow automation for small businesses as a way to streamline document-based processes and ensure better transparency, connectivity, and data availability from these processes. The ability to capture, access, and work with business ...

September 14, 2021

Capture and process automation solutions makes life easy for companies. The right information can lead businesses to the right decisions. Even though data is everywhere, it is difficult to capture this data consistently to derive meaningful insights. Many businesses lack the basic tools to harness data from different document-dependent processes like invoice processing, medical claims processing, customer sales order processing, etc. A large proportion of entities rely on manpower and manual ...

September 09, 2021

Working capital refers to the current assets and liabilities of a company. In order for a company to operate efficiently, its working capital must be monitored and managed effectively. In a fast-paced market environment, with heavy competition and new products in the market every day, managing cash and maintaining sufficient liquidity becomes difficult. For companies to manage their short-term liabilities and long-term investments, they must be able to have sufficient cash in hand ...

September 07, 2021

RPA is a software or a ‘robot’ that is programmed to mimic and perform human actions to implement tasks. A simple example would be a robot that auto-corrects spelling in a word processor. The ‘bots’ are equipped with built-in knowledge about the said language and the workflow logic to perform the correction, much like a human would. Robotic process automation bots are essentially programmed to do work, and part of that work involves interacting with systems and business applications ...

September 02, 2021

The manufacturing sector is quickly catching up with digitalization. Robotic arms, artificial intelligence, computer vision, etc. are transforming established manufacturing practices and work methods for the better. Added to the digital transformation on the factory floor and warehouses is the rapid development taking place in the administrative section of manufacturing companies. The continuous creation of big data has put a lot of pressure on companies to manage data and document processing work ...

August 31, 2021

In a fast-paced economy and marketplace, where customer preferences and demand change rapidly, it is difficult for businesses to keep up if there isn’t a clear plan for digital transformation. Digital transformation can come about through digitalization: the application of advanced automation technologies to change processes and business models for the better. Going digital is easier said than done, especially for a company that is long established and ingrained in the traditional ...

August 26, 2021

Digital workers make work processes better. Many organizations today agree that rather than replace the human workforce, Robotic Process Automation (RPA) is in fact augmenting them to work to their full potential. New age technological advances are helping combine digital transformation technologies with robotic process automation to create new models of automation. Intelligent process automation is an advanced form of automation technology that combines digital transformation ...

August 24, 2021

To keep operations running smoothly in SAP Business One and ensure optimal business outcomes, it is important that data is entered into the application correctly and speedily. This is mostly transactional data that needs to be entered from typical source documents like vendor invoices, bills of lading, credit memos, checks, purchase orders, customer sales orders, etc. SAP Business One runs on critical business data — this data could come from the edges of an organization like a remote site office ...

August 19, 2021

A company’s success in the marketplace is determined not just by the quality and sales of its products and services but by its buying power. In a fiercely competitive marketplace, with every company coming up with new ways to impress the customer, the race to the finish line is more plausible for those with the maximum buying capacity. A company with ready cash in hand has a bigger advantage in terms of reaching out to the customer first. Just think about it ...

August 17, 2021

For companies to survive and thrive in a competitive market environment, it is important that they build capabilities that promote business agility. Businesses must become more agile to adapt quickly to changing market conditions and ensure sustainable growth. The best way to future-proof companies against plausible global disruptions is by investing in technology. Technology, for the most part, is an enabler and helps create foolproof, sustainable business models for future growth ...

August 12, 2021

Data is at the core of any business and is usually required to initiate a process. Data is generated whenever a company interacts with its internal and external stakeholders. For instance, interaction with a vendor for securing supplies results in the creation of a Purchase Order (PO) in the procurement department of a company, among other documents, and subsequently closes with a final invoice from the vendor, post the delivery of goods to the company. The transactions that a company ...

August 10, 2021

What’s the return on intelligent automation? How impactful is this technology in accelerating a business? For that, we’ll look at a case study. Artsyl’s intelligent process automation platform, called docAlpha, is embedded with digital transformation technologies like AI, machine learning, intelligent data capture, robotic process automation, recognition software including OCR/ICR/OMR, and business process automation. These technologies help configure task-specific workflow and capture ...

August 05, 2021

These pandemic months have demonstrated the importance of cloud computing and cloud applications for business mobility. For organizations globally, the need to demonstrate resilience and reliability in the midst of social resticitions was paramount to their continuity in the long run. Those small and mid-sized businesses that made the radical change to transition basic administrative functions to the cloud benefitted the most during the lockdown phase. A lot of the continuation of business ...

August 03, 2021

Artsyl’s intelligent process automation platform enables automation of document-dependent processes. The solutions InvoiceAction — for AP invoice automation and OrderAction — for sales order automation are certified for Acumatica 2021 R1. These solutions are embedded in many ISV, BPM, and IDC solutions, making it possible to conduct end-to-end intelligent document processing of any number of diverse unstructured and semi-structured document types in accounts payable (AP) ...

July 29, 2021

Why do we need to automate accounts payable? To answer this, we must understand what accounts payable entails. Companies regularly receive invoices from vendors for the purchases they make. The AP department spends a lot of time and resources sorting and filing invoices. The AP personnel also need to communicate with vendors regularly to answer why there is a delay in the payment of invoices or get clarification on any discrepancies in the invoices. A lot of time also goes into ...

July 27, 2021

A robust, well-managed accounts payable process helps accelerate receivables, lower debt and maintain the required cash flows needed for business sustainability and growth. Small and mid-sized businesses have a greater need for maintaining sufficient cash flows and liquidity as the scope for revenue generation through other channels like securing microloans is difficult. Raising funds through angel investing or crowdfunding is usually reserved for startups and companies projected ...

July 22, 2021

All the new age disruptions, technology advancements and economic upheavals have taught us one thing: that customer is still king. Whatever a business does, it must revolve around the customer. But the customer engagement game has changed dramatically over the years. Digital transformation and the advent of cognitive technologies have enabled businesses to engage customers better, adding to the growing number of engagement channels and lowering the time ...

July 20, 2021

Consider this: as per estimates by the United Nations Environment Program, approximately one-third of food produced globally is lost or wasted. In industrialized countries, around 40% of these losses occur at the retail level. Major squandering of resources and poor coordination among participants along the supply chain are responsible for most of the wastage. Whereas food is mainly lost in the early stages of the supply chain in the case of developing countries, it’s the reverse for medium ...

July 15, 2021

Consider this: as per estimates by the United Nations Environment Program, approximately one-third of food produced globally is lost or wasted. In industrialized countries, around 40% of these losses occur at the retail level. Major squandering of resources and poor coordination among participants along the supply chain are responsible for most of the wastage. Whereas food is mainly lost in the early stages of the supply chain in the case of developing countries, it’s the reverse for medium ...

July 14, 2021

docAlpha 6.4 introduces a no-OCR Data Ingestion option to fill fields digitally in the case of digital documents. One of the priorities with the launch of docAlpha 6.4 has been to reduce the number of steps needed to complete a job. With this custom digital import feature, users can browse, parse, and read incoming documents in any format, and map it to fields in the backend profiles of ERPs/ECMs — without the need for advanced capture or OCR ...

July 13, 2021

Small Business: whereas what can be considered “small” is debatable and highly subjective, the US Small Business Administration (SBA) chooses to label an enterprise as a small business if it is employing less than 500 employees. Small businesses help keep local economies rolling and are a hub for innovation. But when it comes to driving change and digital transformation across sectors, one begs the question if automation is really needed for small businesses ...

July 08, 2021

Among the many strategic growth initiatives that your company takes, keeping suppliers happy must be one of them. Vendors and suppliers are a critical part of strategic growth management and can be very effective accelerators if you are looking to gain an edge in business over your competitors. But keeping suppliers happy is easier said than done, primarily because you’re not alone in vying for their business. In a tough competitive market environment, where every other company ...

July 06, 2021

Supply chain management is the movement of goods and resources, inbound or outbound, with the primary participants along the chain — manufacturers, wholesalers, distributors, & retailers — being responsible for the supply chain and for helping deliver the final product to the end customer. Logistics is a series of congruent activities like transportation, packaging, warehousing, etc. that make up a supply chain network ...

July 01, 2021

We discuss intelligent document processing and why it is quickly becoming an essential component of strategic business development. Data forms the crux of business operations across many sectors. Data usually initiates most business processes in many functional areas like accounts payable, order fulfillment, customer service, medical claims processing, employee onboarding, etc. and even tech support. These are typical document-dependent processes that are mission critical ...

June 29, 2021

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 ...

June 24, 2021

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 ...

June 22, 2021

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 ...

June 17, 2021

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 ...

June 15, 2021

When sourcing the right technology tools to fit your business requirements, make sure they come with a good degree of flexibility and scope for customizations and integrations. The trouble with introducing emerging technology solutions in your everyday business environment is you often end up with a poor assemblage of disparate systems that fail to integrate with existing infrastructure. With diminishing IT budgets in these uncertain times, it is imperative that you select intelligent platform solutions that are agile enough to scale as your business grows — a differentiated ...

June 10, 2021

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 ...

June 09, 2021

Artsyl proudly makes it to the ‘Annual listing of 20 companies that are at the forefront of providing Workflow solutions and transforming businesses’ by CIOReview! This latest recognition is a testament to the continual efforts by Artsyl Technologies to design intelligent automation solutions that work to transform companies and ensure sustainable growth. CIOReview’s annual listings bring to the fore the best technology ...

June 08, 2021

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 ...

June 03, 2021

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 ...

June 01, 2021

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 ...

May 27, 2021

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 ...

May 25, 2021

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 ...

May 20, 2021

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 ...

May 18, 2021

Let’s get some stats out of the way first! According to Research and Markets, the image recognition and data capture market is estimated to reach USD 622.03 million by 2025, with an annual growth rate of 24.82 between 2020-2025. Image recognition and capture, along with Artificial Intelligence (AI) are quickly becoming some of the finer tools to introduce optimization along systems and processes ...

May 13, 2021

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 ...

May 11, 2021

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 ...

May 06, 2021

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 ...

May 04, 2021

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 ...

April 29, 2021

Managing everyday business from front-end jobs like customer service and product marketing to back-office functions in finance & accounting (F&A), human resources (HR), and tech support involves a lot of document processing work. Access to usable information, especially in the case of mid-sized and large organizations, is difficult, given the tons of data circulating among the various stakeholders in an organization. Another problem with data retrieved from business transactions ...

April 27, 2021

How much time do you spend entering data into Microsoft Dynamics 365? If your answer implies that’s all you do for the majority of your working hours, there is a problem! Although it takes companies a while to plan and implement a digital-first strategy to keep up with the competition, not being able to modernize data entry and processing can impede not just digitalization efforts but also stagnate growth at the operational level. Growth can be determined in terms of sales and revenues, but also in terms of ...

April 22, 2021

Handling AP/AR transactions on a daily basis can be challenging, especially if you are dealing with hundreds of invoices and bills of lading from multiple suppliers. Accounts payable is a labor-intensive, document-based function that can hold up talented personnel for days working on mundane invoice processing work. The complexities are compounded by the fact that not all vendor invoices come in a similar format and type. When dealing with several suppliers, you need a strict system of sorting, filing, and data entry from different invoice formats manually. Manual vendor invoicing can take forever ...

April 20, 2021

It is commonly acknowledged that CFOs must lead the charge in sound financial management and exercise prudence in money matters to ensure long-term growth. But what does this mean at the operational level? What can CFOs do to ensure sustainable business development even in the midst of external disruptions like COVID-19? When dealing with corporate finances, accuracy and efficiency are the two most binding factors that ensure company longevity. And the bulk of actions where these two ...

April 15, 2021

Intelligent Process Automation (IPA) of document-based processes ensures easy data availability to ERPs and line-of-business applications. IPA software applies digital transformation technologies like AI and Machine Learning to capture, extract, classify, validate, and verify data from unstructured documents like vendor invoices and customer sales orders, before sending the approved data to ERPs and other business applications ...

April 13, 2021

Intelligent document processing for a Document Management System (DMS)?!! Sounds confusing, right? Well, that’s what we plan to explain in this blog — why intelligent process automation or intelligent document processing is needed and how it can augment the capabilities of a document management system. Handling paperwork including filing, archiving, sorting, etc. is a routine nobody wants to follow, even the ones who love monotony! Thankfully, today we have robust document management ...

April 08, 2021

Preparing for A Near-Paperless Office Content chaos is real. Too much paper and too little insights, poor governance and compliance, haphazard process control, and basically clutter that stalls your schedule, priorities, and company goals. Thankfully, we have modern technology and intelligent automation to reinvent the way work gets done in the office. Let’s firstly see why depending less on paper is advantageous for growing businesses ...

April 06, 2021

Robotics and intelligent technology solutions aid companies in accelerating business. The focus on software applications and the deployment of end-to-end solutions for business mobilization this past year only point to the growing indispensability of intelligent automation in getting work done. Machine Learning (ML) and Artificial Intelligence (AI), suitably acronymized as MLAI, are enabling the continuity of critical processes and functions like never before. Intelligent automation technologies ...

April 01, 2021

We’ll firstly discuss what exactly goes into accounting and bookkeeping in order to understand the time, labor, and costs involved. This will give us a clear picture of why it, in fact, helps to optimize accounts payable using intelligent process automation. Bookkeeping: In its most basic form, bookkeeping involves jotting down or journaling a company’s day-to-day or periodic transactions in a book. Typically known as a daybook, it is basically a log of all daily or periodical purchases, payments ...

March 30, 2021

The pandemic and ensuing social restrictions have accelerated investments in the cloud, no doubt, but the flexibility and cost-effectiveness of the cloud should have long made it a regular feature within organizations. The general reluctance to move critical business operations to the cloud may have been due to security concerns, especially when considering having proprietary software and critical data on the internet. But for businesses wanting to cut down on the running costs of managing ...

March 25, 2021

The workplace of today is appreciably more connected than it ever was. The pandemic and ensuing social restrictions have further propelled companies to engage better to drive sustainable businesses. Artificial Intelligence (AI) and automation are the levers piloting this change. This past year has taught us the importance of automation in the workplace like never before. The potential for AI and related cognitive technologies to propel basic and complex business tasks has truly been a positive ...

March 23, 2021

We are revisiting the topic of digital transformation from our previous post on Industry 4.0 and Manufacturing, which focused mainly on the different technologies being adopted in this sector. This time, we look more closely at the challenges and opportunities in manufacturing, fresh off the pandemic as well to see what is needed to propel business and revenues in this space. Manufacturers have generally been slow to catch on to the Industry 4.0 bandwagon compared to other sectors like ...

March 18, 2021

It all comes down to data. Data is all around us. And that is the fundamental challenge for companies today — the need to make data work for their business. What are the chances of you working with accurate data every time? The trouble with continuous business operations is that data and documents are not pushed into workflows at the first point of contact with a company — sales and purchase orders received at an off-site location rarely make it to the central repository ...

March 16, 2021

Artsyl’s docAlpha digital transformation platform mobilizes content-dependent processes by providing intelligence-based workflows for the acquisition, validation, verification, and export of transaction data to an ERP system or other line-of-business applications (LoBs). Its combined digital transformation technologies including AI, Machine Learning, Business Process Automation (BPA), Intelligent Data Capture, etc. help with straight-through processing of transaction documents ...

March 11, 2021

The insurance sector is dictated by set governance standards and compliance clauses. So, one would think it would be easy to modernize the sector purely based on the fact that there are already industry-specific formulae and process controls in place, which would make automating this sector a piece of cake. Well, the ground reality is vastly different and points to a more traditional management model that is rife with manual paperwork ...

March 09, 2021

How are you handling AP? It’s tax season, which means you are, like most of us, in a mad scramble to get your books in order! For growing businesses, the difficulty is making sure all transactions are on record and up-to-date. A missing invoice here and an unfiled order transaction there, and it’s the beginning of a series of erroneous bookkeeping undertakings that could screw up your taxes. And if you’re practicing double-entry bookkeeping, you will find it difficult balancing ...

March 04, 2021

Something as simple as scanning can actually initiate workflows that get business done. Getting hold of the right data for business use is difficult if you don’t have the right tools to capture it. And data capture essentially often starts with scanning! Scanners have become an essential component of integrated digital transformation technologies like Intelligent Process Automation (IPA). Scanning devices are now integrated with AP invoice processing software or sales ...

March 02, 2021

Robotic Process Automation (RPA) is mostly useful in executing routine business processes that are repetitive and require manual effort. RPA augments workers by acting as a catalyst to hasten standard administrative and rules-based operations, without inducing any errors or latency that are typical of human effort. RPA reduces operating costs, and improves throughput and efficiency greatly — RPA bots do not stop, as a human would ...

February 25, 2021

Not just a business accelerator; the past year has shown that intelligent automation and related technologies have been responsible for the maximum symbiosis between people, processes, systems, and data. The pandemic has forced many companies to reinvent the way work is done. With the necessity to continue and drive business goals in spite of limited personnel and social restrictions, companies have literally landed on a new era of business ...

February 23, 2021

The Blue Prism digital workforce is packed with the latest automation capabilities to progressively resolve enterprise challenges. However, accurate business knowledge is critical to the functioning of Robotic Process Automation systems. RPA bots implement processes, but the initiation of any process starts with data. In other words, data feeds the RPA system and alternately, RPA bots manipulate data in order to accomplish tasks. The relationship is almost symbiotic ...

February 18, 2021

The accounts payable department is sort of the financial backbone, responsible for monitoring and managing the cash flows in any company. The financial health of a company can be assessed by screening purchases and payments made by this department. It, therefore, goes without saying that for companies to remain solvent and of sound financial state, the proper functioning of the accounts payable department is imperative ...

February 16, 2021

All successful companies have one thing in common: they always seek smarter ways of doing business. Today’s ‘smart’ business is dictated by intelligent workflows. Workflow automation is quickly becoming a staple among forward-looking companies. We discuss why and the related benefits ...

February 11, 2021

Why focus on a basic admin function like accounts payable (AP)? In its most basic form, AP involves making payments against invoices received for the supplies you source from vendors. The trouble is, manual invoice processing is time-consuming and costly. More importantly, it’s a cost center that greatly dictates your company’s cash flows, and if not done right, could pose considerable liquidity and debt issues ...

February 09, 2021

By now,we can agree that technology indeed enables businesses. It’s a prophecy set in stone and one that companies, both large and small, are keen on exploiting to maximize returns. Much of this shift in corporate thinking, though envisioned and experimented on for years, found steam only in the past decade. And strangely enough, the idea that smart technology can propel businesses forward, no matter what the economic state globally, has found maximum traction this past year ...

February 04, 2021

Sales order processing is an interesting part of supply chain management that if done right, can save you considerable amounts of time and money, and impact sales positively. We’ll look at how to optimize order processing and accelerate business in a fast-paced and competitive marketplace ...

February 02, 2021

The pandemic has forced companies to chuck their 5 years plans and transform their work environments within 5 months. For good or bad, many theories regarding digitalization have been busted as businesses felt the urgency of transitioning to automated work environments overnight. This goes to show that we are indeed capable of meeting our 5 year goals sooner; what was missing was the sense of urgency to move to a modern workspace soon enough. And we are in fact already witnessing ...

January 26, 2021

Barnwell was having a hard time keeping up with their manual AP/AR workload that almost doubled overnight, thanks to rapid growth in business and the takeover of a new company. Especially with AP, it was getting tedious having to get a PO for every type of tire that they sourced from their distributors and reconciling invoices ...

January 21, 2021

For Sage Cloud ERP users, there is no easier way to switch to a paperless accounts payable system than integrating with InvoiceAction, Artsyl’s Document Process Automation platform for processing vendor invoices. Without interrupting underlying systems and processes, InvoiceAction integrates seamlessly with your Sage ERP system — performing automatic invoice data extraction, validating extracted data against vendor databases, and exporting approved invoices to Sage ...

January 20, 2021

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 ...

January 19, 2021

When you know that the customer is still king, you cannot afford to continue with an order management model that depends heavily on manpower. Manual effort is often error prone and also introduces process delays that you cannot afford, especially in a competitive market environment. Reaching out to the customer first before anyone else is imperative, not to mention engaging a customer for the long-term. Customer engagement is determined from the point you receive an order ...

January 12, 2021

You’ve built a solid foundation for your company — a great product, competent management, and sound working capital. But there’s still one thing that’s preventing you from elevating to the level of best-in-class — a differentiating factor that will give you the competitive edge over others. As your business grows and operational complexities increase, it’s difficult to keep track of your goals and be in control. In fact, scaling operations is not as easy as it seems. How many times have you heard a booming tech startup layoff employees in the dozens as it expanded ...

January 07, 2021

Stop wasting valuable human capital on monotonous, repetitive tasks that could be performed by intelligent machines. Stop flip-flopping on your management techniques to push organizational goals. Instead, identify mission critical processes that could be automated, so you and your company get the clarity needed to accelerate growth. The big conundrum for organizations these days is not a lack of choice in automation tools, but the question of ...

January 05, 2021

The difficult part about staying on top of your payables and receivables management is reconciling invoices and fulfilling sales orders consistently, without faltering at some point due to processing delays or exponential operating costs. The good part is an intelligent process automation platform will take care of all such business constraints and more. This is exactly what this manufacturer experienced when they deployed docAlpha ...