Unlike other document automation solutions, the Netfira Platform can be implemented with minimal effort from internal IT teams. As part of the implementation process, there are only 5 tasks that require action from internal IT teams.
Please fill out the form below to receive the information sheet.
A well-established P2P process is central to the financial health and overall competitive strength of businesses—especially if they are seeking to build value while reducing costs. Since the P2P process always involves exchanging data and documents, buyers must manually check, compare, and validate information before further processing. Removing manual processes throughout the P2P process improves process efficiency and cost savings. Purchasing needs to automate document processing to achieve these results. By automatically processing all B2B documents along the P2P process, the Netfira Platform enables a bidirectional digital exchange of data and documents and makes businesses efficient and future-proof.
Please fill out the form below to receive the whitepaper.
Optical Character Recognition (OCR) and Electronic Data Interchange (EDI) are two well-known solutions for making data available for digital use in purchasing and sales. While both technologies have advantages, they fail in crucial areas such as data extraction accuracy and business-partner connections. Therefore, companies must carefully access both the advantages and disadvantages of these technologies to find a solution that works for them. This whitepaper will examine both OCR and EDI before presenting a unique alternative in the Netfira Platform.
Please fill out the form below to receive the whitepaper.
The vision of a paperless office with automated operational processes is shared by many future-focused companies. A strategy developed to achieve this includes the definition of strategic goals which includes the selection of suitable software. The purpose of this checklist is to support you in defining goals that meet the SMART criteria (Specific, Measurable, Achievable, Relevant and Time-bound) and selecting a suitable software that meets your needs.
Please fill out the form below to receive the checklist.
Defining software requirements can be a daunting task. There are a number of things to consider and evaluate before undertaking the software selection process. Well-defined specifications will help you to define your business problem and accelerate the software selection process. This checklist has been created to help you work through the process of defining software specifications.
Please fill out the form below to receive the checklist.
Extracting, processing and exporting data is a central task in procurement. Documents like purchase order confirmations or invoices need to be processed digitally. OCR is often used to convert documents into a digital format. For many businesses, however, OCR is not the right solution as it is too inaccurate and inflexible. For purchasing, there are innovative alternatives to the classic OCR solutions. The Netfira Platform enables automated document processing by providing a cloud-based SaaS solution that processes documents and data quickly, efficiently and accurately.
Please fill out the form below to receive the Netfira vs OCR information sheet.
Online | On demand
*The recording of this webinar is only available in German.
The current procurement situation and the COVID-19 pandemic highlight the need for reliable, transparent and, above all, efficient processes. Purchasing departments are required to use digital solutions in order to be successful and future-proof.
In purchasing, the processing of order confirmations proves to be an important, but often time-consuming and labour-intensive activity. While one order confirmation was sent per order in the past, today often 3, 5, 7 or even more order confirmations are sent. The processing effort explodes. Therefore, digital solutions should be used here to optimise these processes.
The decisive factor is the maximum possible degree of automation in order to successfully relieve the procurement department.
How you can achieve this with the help of the Netfira Platform with an implementation time of only approximately 6 weeks and an internal IT effort of approximately 2-3 project days, you will learn in our free webinar “Automate and not just digitise – The challenge with order confirmations“.
Presenter:
Head of Sales
Orchestration in B2B document processing takes automation to the next level as it allows businesses to automate the entire document processing workflow.
By embracing the power of Intelligent Document Processing (IDP), businesses are shaping the future of procurement.
Beyond automation: This procurement whitepaper deals with the potential of intelligent document processing for unlocking efficiency in B2B document processing.
As mistakes, anomalies and exceptions in document processing are inevitable, the Netfira Platform is designed to handle exceptions in document processing quickly and efficiently.
Learn about the essence of HITL automation, the significance of human feedback for artificial intelligence and why HITL automation is crucial for processing documents in today’s business world.
Selecting the right automation software for invoice processing is essential for finance teams. Learn here which features to consider when looking for an appropriate solution.
EDI is a set standard in some industries and sectors, such as in retail or the automotive industry. For many enterprises, however, EDI is not the right solution as it is too complex and expensive. In other areas, like purchasing, there are innovative alternatives to the classic EDI solutions. The Netfira Platform increases operational efficiency by providing a cloud-based SaaS solution that automates B2B document exchange processes and connects all relevant business partners quickly and easily.
Please fill out the form below to receive the Netfira vs EDI information sheet.
Pfleiderer – a specialist in wood-based materials – now generates around 1 billion euros per year despite a turbulent history. Digitisation of business processes has backed Pfleiderer’s recent focus on value-adding product categories. As part of this digitisation, it was necessary to modernise the operational purchasing accordingly. Since 2018, the Netfira Platform has afforded the purchasing team at Pfleiderer tremendous freedom and supported strategic processes. Flexible document recognition through solution modules, automated document flows, and digital supplier connectivity are just some of the benefits afforded by the Netfira Platform.
Zentis GmbH & Co. KG, which celebrated its 125th anniversary in 2018, was once again able to prove its role as an innovative driving force for natural and enjoyable nutrition in 2020. Procurement establishes itself as an innovation driver by using Netfira’s software solution to automate operational procurement quickly and easily. The two cornerstones of the automation project are the simple digital supplier connection and automated processing of purchase order confirmations.
At Zentis, the purchasing department in Germany works with more than 1,150 suppliers. In 2019, more than 24,000 purchase orders with over 54,000 order items were created. Of these, 18% of suppliers account for around 80% of orders. Procurement is increasingly facing challenges: “In the past years, the general conditions for us in procurement have changed and this trend will have an even greater impact in the coming years,” says Marcel Hilgert, Deputy Head of Indirect Procurement. A decisive factor is the continuously growing complexity. Customer requirements are becoming more and more specialised, which requires an increasing number of raw materials and materials. Global sourcing is indispensable and demands the management of complex supply chains. In response to the changes in the framework conditions and the resulting challenges for purchasing, potential for improvement was identified along the Purchase2Pay process. Zentis quickly realised that partial steps of this process needed to be automated.
Please fill out the form below to access Zentis’ customer presentation at the 2020 BME Purchasing and Logistics Symposium. This video can only be provided in German.
Zentis chose order confirmations as the first module to be automated. The efficiency of this sub-process was previously hampered, among other things, by the fact that there were four different purchasing areas within the company. Some of these areas had different processes as well as no uniform specifications for suppliers. The digitalisation of the processes should reduce the need for manual data entry and allow the Zentis team to use its time more efficiently. The Zentis procurement team prioritised a simple and efficient supplier connection that would not disrupt their business partners. The suppliers were not to incur any costs or have to change their usual processes. In addition, the automated processing of order confirmations should take place within the familiar SAP® environment and the software used should have a straightforward and user-friendly interface.
Following a comprehensive selection process, Zentis opted to proceed with the software solution from Netfira. “The accuracy and future viability provided by Netfira’s AI-supported software were decisive factors for us in taking the next steps towards digitisation in our procurement department,” explains Patrick Tydex, Team Leader Operational Procurement. And there are further reasons for choosing the Netfira solution:
“As a SaaS platform, it is characterised by flexibility and simplicity. The effort for internal IT is extremely low and the software can be seamlessly integrated into the existing ERP system environment,” Tydex continues.
The digitalisation project was completed after only a few months. The flexibility of the Netfira delivery team allowed the project to be resumed quickly following a delay due to a change in personnel in the Zentis IT team. Zentis and Netfira achieved one hundred percent automatic processing for order confirmations where there is no deviation. If there is a deviation, the user is alerted and a variety of processing options are offered directly in the portal. In the two months following, Zentis connected 30 suppliers. A significant advantage of the platform is that suppliers are not required to make any changes to their existing processes.
For the Zentis procurement team, the onboarding of a new supplier takes between 20 and 25 minutes. The process of connecting a new supplier starts by checking the last order confirmations for special features. Then the procurement team selects at least three representative order confirmations and one associated order. The order confirmations are used to train the Netfira Onboarding App before being checked and, if necessary, modified by the Netfira customer support. The time saved in operational procurement is significant. The processes are more uniform and transparent. Furthermore, there is now a standardised process in the four purchasing areas. Manual checks of documents and items are no longer necessary which greatly reduces the manual workload. As a result, the procurement department has more time to concentrate on more essential and value-adding tasks.
Zentis has taken an important step towards digitalised procurement with the automation of order confirmations. In 2021, more than 200 additional suppliers are to be connected and then further document types will be automated with the Netfira solution. Moreover, the digitalisation potential in the international subsidiaries of Zentis could lead to the global rollout of the Netfira system.
Founded in Aachen in 1893, Zentis GmbH & Co. KG today employs over 2100 people and posted a turnover of 670 million euros in 2019. Zentis is known, among other things, for its chocolate and marzipan specialities for the processing industry and retail trade, as well as for quality jams, jellies and sweet creams. The company is active in the business areas of fruit preparations, confectionery and sweet spreads. As a global presence, the family-owned company has sites in Poland,
Hungary, Russia and the USA in addition to its headquarters in Aachen.
www.zentis.de/