Itesoft Wins Two 2013 Document Manager Awards In London

Top Quote ITESOFT, a leading international developer of automated Purchase to Pay (P2P) solutions, has won two individual awards for its software at the prestigious 2013 Document Manager Awards, held on 3 October 2013 in central London (UK). End Quote
  • (1888PressRelease) December 10, 2013 - ITESOFT UK is headquartered in Farnham (Surrey).

    "ITESOFT's Purchase to Pay solutions are once again recognised as the world's leading automated suite," explains Nick Dunnett, MD of ITESOFT UK, which is headquartered in Farnham, Surrey (in South-Eastern England).

    This is the 8th Document Manager Award that ITESOFT has achieved in the past six years, recognising the company's ongoing dedication to fostering innovation in relation to the functionalities and quality of this market-leading P2P software application.

    The 2013 Document Manager Awards ceremony took place at Hotel Russell London, in central London, on 3 October of this year. ITESOFT was given two awards: the Workflow & BPM Product of the Year Award and the Document Management Product of the Year Award.

    The ITESOFT.Share solution, winner of the Workflow & BPM Product of the Year Awards, is a powerful archive, workflow and approval software application. This web-based solution has been designed to automate manual authorisation procedures such as invoice approval, discrepancy handling and purchase-order requisitioning.

    Winning this award amounts to a recognition of ITESOFT's ongoing commitment to leveraging innovative technologies in order to help companies gain control of their P2P processes. This ongoing commitment to excellence is reflected in the fact that ITESOFT invests 25% of its revenue - i.e. double the industry standard - in R&D to safeguard its position as a global leader in automated P2P solutions.

    The Document Management Product of the Year Award is an exclusive category presented to organisations that are at the forefront of innovation in the P2P automation arena. The superior functionalities of ITESOFT.Share, as compared to what competitors have to offer, were recognised, most notably ITESOFT.Share's enhanced compatibility with smartphones for the agile workforce of today and its seamless integration with multiple finance applications in real time.

    "Winning the second award of the ceremony identifies ITESOFT as a global leader of P2P automated solutions for another year, and acknowledges the superior functionality of ITESOFT.Share against competing solutions," stresses Nick Dunnett.

    ITESOFT has consistently focused on the functionality and usability of its leading P2P solutions such as ITESOFT.Dashboard - a tool that seamlessly tracks Purchase to Pay processes in real time, from the moment an invoice is received, all the way through to payment.

    A new, innovative addition to the P2P suite is ITESOFT.SupplierPortal, a web-based collaborative platform to further drive business efficiencies throughout the P2P process.

    ITESOFT.SupplierPortal has been designed following extensive client feedback: it provides suppliers with a platform to easily check up on the status of their invoices in real time (i.e. 'received', 'processing in progress', 'ready for payment', or 'paid'). ITESOFT explains that this tool, when combined with ITESOFT.Share , delivers a world-class solution which, typically, achieves an attractive return on investment (RoI) over a period of 12 to 18 months.

    ITESOFT's twofold go-to-market strategy is as follows. First of all, ITESOFT sells on-premises solutions, through the company's FreeMind business unit. This includes software licences and associated professional services to implement automated document-capture and document-processing projects, both for large organisations and medium-size companies.

    Second, ITESOFT provides an automated Software as a Service (SaaS) solution for the capture and processing of supplier invoices. This is done through Yooz, which is the company's independent business unit serving SMEs, associations, firms of certified accountants, and local-government organisations.

    ITESOFT solutions have been implemented in over 650 companies globally in a wide range of business sectors, including government services, healthcare, pharmaceuticals, retail, utilities, logistics and distribution, manufacturing, construction, and the services sector. At present, ITESOFT's solutions intelligently process in excess of one billion documents each year.

    About ITESOFT
    ITESOFT is an international software vendor of multi-channel document-capture and process-automation solutions aimed at accelerating, streamlining, and securing document-centric business processes. Leveraging the company's specialised R&D laboratories and research programmes, the levels of performance and innovation offered by ITESOFT's solutions have helped the company gain the status of an internationally recognized leader beyond its Number One market position in France.

    ITESOFT deploys its solutions to automate critical business processes for over 1,000 clients in medium-sized-to-large organisations and SMEs in 29 countries, handling more than a billion documents every year across a wide range of business sectors.

    ITESOFT offers a unique value proposition to its clients. ITESOFT's solutions measurably and significantly increase the efficiency of document-centric business processes - both paper-based and electronic - such as Purchase to Pay, Order to Cash, customer case handling, and more, by increasing productivity and reducing costs while ensuring end-to-end process reliability and traceability. These solutions provide managers in client entities with the decision-making tools they need to monitor and control their processes, including supplier scoring, KPI monitoring and reporting.

    Founded in 1984, ITESOFT has offices in France, Germany and the UK, serving Western European markets (i.e. these three countries as well as Belgium, Luxembourg and Switzerland), North Africa and the USA.

    With a staff of 196, the company generated consolidated revenue of 21.7 million in 2012.

    ITESOFT has been listed on the Euronext Paris Stock Exchange since February 2001 (Compartment C - ISIN Code FR0004026151 - Mnemonic ITE - Reuters: ITFT.LN - Bloomberg: ITES FP).

    For further information, please go to: www.itesoft.co.uk.

    For further information about The Document Manager Awards, please go to www.dmawards.com.

    For further information, please contact :

    Quote ref. : FTPB3900
    Ms Kate RILEY - Press Officer
    UBIFRANCE Press Office in London
    Tel: +44 (0) 207 024 3640
    kate.riley ( @ ) ubifrance dot fr
    View other press releases at :
    http://www.ubifrance.com/uk/

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