Business process automation technology company ITESOFT is collaborating with business solutions integration company Prodware to connect its procure-to-pay solutions to Microsoft Dynamics NAV/Business Central.
In a press release on Tuesday (July 2), France-based ITESOFT announced that it will wield Prodware’s expertise in Microsoft Dynamics and enterprise resource planning (ERP) integrations to connect ITESOFT’s supplier relationship management and electronic billing solution, Streamline for Invoices, directly into Microsoft Dynamics. Their collaboration aims to address procure-to-pay regulatory compliance and fraud risks, the firms said.
The Streamline for Invoices solution is an automated invoice processing tool with integrated artificial intelligence algorithms, developed by ITESOFT to mitigate the risk of fraud. Integrating with the Microsoft Dynamics ERP solution will enable more seamless invoice processing, while integrating supplier data into firms’ Microsoft ERP systems.
“Microsoft Dynamics is, today, a fast-growing environment, and Prodware is clearly the expert and the recognized leader in this market,” said ITESOFT Chief Marketing Officer Frederic Massy in a statement. “We are, therefore, delighted with this partnership, which will allow us to accelerate even more our presence in this universe.”
David Benguigui, Prodware marketing director, added, “The need for Microsoft Dynamics users to digitalize and automate their financial processes continues to grow. Our teams see it daily in the field. With ITESOFT, leading publisher in this industry, we have found the ideal partner to enable us to bring more value to our customers by integrating the dematerialization of the supplier relationship with their ERP.”
Microsoft Dynamics has expanded its integrations with accounts payable and procure-to-pay functions in recent years. In 2015, Microsoft announced Microsoft Dynamics would connect users to Tradeshift‘s digital invoicing solution, enabling companies to send B2B invoices from directly within the Microsoft Dynamics platform.