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Globe and Mail
21-07-2025
- Business
- Globe and Mail
IBN Technologies Delivers Invoice Processing Automation to Meet Rising Demand from U.S. Manufacturers
"Invoice Processing Automation [USA]" Manufacturers and service providers are using invoice processing automation to speed up cycle times, reduce manual errors, and increase visibility across finance operations. The shift from manual handling to automated systems is reshaping how performance is measured and delivered. Miami, Florida, 21 July 2025 With production demands increasing, U.S. manufacturers are reassessing their finance systems to improve efficiency and reliability. The growing number of transactions and supplier interactions has led many to embrace invoice processing automation to bring order to tasks like validation, approvals, and payment reconciliation. As firms seek greater control over cash flow and compliance, process automation is being deployed to standardize invoice handling and reduce error rates. Providers with manufacturing experience, such as IBN Technologies, deliver tailored solutions that work within ERP environments. Their technology allows manufacturers to process high volumes without delays or compliance risks. Experts from IBN Technologies are helping finance teams improve audit trails, reduce payment issues, and build a more resilient workflow. Take control of invoicing with automation that works. Manufacturing Payments Stumble With inflation hitting every corner of the supply chain, precision in finance has never been more essential. Unfortunately, many manufacturers are stuck in outdated invoicing practices that can't keep up with business speed. Paper-heavy processes delaying transaction closure Errors from manual entry causing payment issues Visibility gaps between procurement and finance teams Missing approval checkpoints exposing control issues Slowed response to vendor inquiries Weak documentation hurting audit readiness Modern finance teams are turning to digital experts for support. Using invoice process automation, they simplify approvals, consolidating data into one system, and cutting processing times significantly. This has led to faster turnaround times, better cash flow alignment, and less stress at audit time. Workflow Automation Strengthens Payables Operations Recurring payment delays and documentation issues are leading more businesses to upgrade how they manage invoices. The approach now centers around applying precision-based automation for fast, predictable outcomes. Industry specialists are simplifying finance operations with solutions that fit the real-world demands of the job. ✅ Invoice digitization with automated field mapping and validation checks ✅ Rule-based approval flows customized for business structures ✅ ERP-native integrations ensure consistency throughout the process ✅ AI-driven error detection and resolution suggestions built-in ✅ Full audit logs support transparency and accountability requirements ✅ Real-time KPIs offer insights into processing time and bottlenecks ✅ Supplier interactions streamlined through digital portals and alerts ✅ Automatic duplicate check systems prevent overpayments efficiently ✅ Smart PO reconciliation for matched payment approvals instantly ✅ Cash flow reporting tools powered by invoice payment scheduling Forward-thinking finance teams are seeing meaningful improvements in speed and compliance. These outcomes are especially apparent in Florida, where invoice processing automation is helping manufacturing firms cut down on costs and increase operational control. Firms like IBN Technologies are working alongside these companies to deliver technology that fits their workflows, offering ongoing support, insight, and measurable ROI. Florida Industry Boosts Invoice Accuracy A Florida-based industrial team introduced invoice processing automation to gain better oversight over invoice approvals and reduce backlogs that had long hindered finance operations. ● 90,000+ invoices processed yearly, with a 75% reduction in time-to-process ● Audit readiness and supplier collaboration both strengthened IBN Technologies supported this transition by mapping automation into the firm's ERP workflows. The improvements now extend to broader implementations of invoice processing automation services. Scaling With Precision In the current manufacturing landscape, scale and accuracy are equally important. Automation has made it possible to pursue both. U.S. companies are moving away from outdated invoice management systems and toward scalable digital models. This pivot is giving them better data, more consistent output, and fewer operational delays. As digital tools become smarter, automation is proving its worth in managing financial volume with structure. Companies deploying invoice processing automation are seeing improvements in audit readiness, vendor communication, and cycle time reduction. With automated services, task routing is faster, invoice entries are cleaner, and reporting is easier to manage. These upgrades reduce administrative pressure and sharpen finance execution. By leaning into automation, manufacturers are taking a proactive stance in finance—not waiting for problems, but engineering them out of the process. About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022 and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth.
Forbes
09-07-2025
- Business
- Forbes
5 Bold Moves To Snatch Millions From Your Company's Hidden Costs
Eric Steele the CRO of SIB, a Value Acceleration firm that helps large and midsize companies improve efficiency and save millions in SG&A. Finance teams are constantly on the hunt for inefficiencies, yet many still rely on stale processes and fragmented data sets that hide opportunities in plain sight. After years of helping organizations slash costs across telecom, utilities, waste management and beyond, I've seen how seemingly 'routine' invoices and contracts can mask substantial savings. Now more than ever, it's crucial to look below the surface. What follows are five under-the-radar strategies that can unlock meaningful, long-term savings for businesses across industries. Although technology, particularly AI, can help power this process, the real game-changer is pairing data-driven insights with the human expertise required to convert those findings into bottom-line results. Benchmarking Contracts (Really Benchmarking Them) Most teams know they should negotiate contract terms, but few take the time to benchmark those agreements against a broad set of historical and industry-wide data. A basic check might confirm that your rates are standard, yet we've found that so-called "standard" rates are often inflated. • Waste Invoices: Our analysis shows that up to 35% of waste invoices contain billing errors. These errors aren't always blatant; they can be hidden in pricing tiers, surcharges or overlapping fees for services the company might not even need. • Telecom & Broadband: In telecom, error rates can skyrocket to 85%. Sometimes this is due to outdated service packages, mysterious admin fees or over-billing that's slipped through monthly statements for years. While advanced data analytics can flag some of these anomalies, a skilled negotiator with full market visibility can go deeper. That might mean comparing your contract to thousands of others in your industry, identifying subtle overcharges and then engaging the vendor directly to secure a partial refund or a more competitive rate. Auditing 'Vanilla' Spend Categories Everyone knows to watch telecom, utilities and insurance. But what about the categories that no one wants to touch because they seem mundane or overly complicated? Facilities maintenance, uniform rentals and office supplies often fly under the radar because they feel trivial or intangible. • Facilities Maintenance: Often billed on a recurring schedule, it's easy for small rate hikes or 'miscellaneous service charges' to slip by. For instance, a multi-site retailer we worked with discovered they were paying for weekend facility checks even though their stores weren't open on Sundays. • Uniform Rentals: Certain service providers tack on incremental fees (like 'environmental charges') that can bloat invoices. A thorough review of these service lines led one of our clients to save tens of thousands of dollars yearly on an expense they had previously written off as a fixed cost. If your finance team sees a line item every single month and has never questioned it, that's the exact spot to begin your audit. Leveraging Both Data And Expertise Technology is essential for scanning, aggregating and analyzing mountains of data at scale, but it's only half the battle. Those insights don't magically transform into savings on their own. In our experience, human expertise remains the secret weapon. We pair our platform's findings with a team of specialists. For example, if our system identifies a pattern of pricing inconsistencies in telecom services, a human analyst can trace the root cause and then engage the vendor to rectify it. Off-the-shelf AI tools might highlight suspicious data points, but truly maximizing value often involves layering in customized logic, reference checks and vendor-specific expertise. Analyzing Utility Rate Structures Utilities are notorious for regional quirks and complex rate schedules. Even within the same state, one plant might be charged differently than another, based on peak usage hours or region-specific fuel surcharges. The permutations can get dizzying—and that's why they deserve a closer look. • Bill Code Breakdown: Look closely at every line item of your utility bill. Are you seeing charges with ambiguous descriptions like 'zone differential' or 'delivery fee variance'? Ask your provider for a breakdown; you might be surprised by what's actually mandated versus what's included by default. • Local Market Intelligence: We once worked with a national chain to benchmark electricity rates across multiple states. By comparing real usage data with local market intel, we found opportunities to shift a portion of their energy load to off-peak hours at a substantial discount, ultimately saving over 15% annually on utility expenses. Utility bills might seem static and non-negotiable, but they're often just as flexible as telecom or waste contracts—if you know where to push. Keeping A 'Living' RFP/Negotiation Cycle In many organizations, contract reviews and requests for proposals (RFPs) happen sporadically. But with shifting market conditions, pricing can change dramatically in just a few months. Locking in a rate and forgetting about it for years is a recipe for missing out on better deals. • Continuous Improvement: Instead of waiting for renewal time, keep a rolling negotiation cycle. This might mean reaching out to vendors mid-contract to see if usage has changed, market rates have declined or new service tiers have opened up. • Data-Fueled Negotiations: Armed with real-time spend analytics and industry benchmarks, finance leaders can approach vendor negotiations with actual evidence in hand. Even small percentage cuts can compound into enormous annual savings. Final Thoughts Cost optimization in finance and procurement isn't about slashing budgets or nickel-and-diming vendors. It's about rooting out genuine inefficiencies so your organization can operate more strategically and better serve customers. If your finance team has been using the same systems and strategies for years, now is the time to shake things up. Sometimes, the biggest wins are simply waiting for you to spot them. Forbes Business Development Council is an invitation-only community for sales and biz dev executives. Do I qualify?
Globe and Mail
02-07-2025
- Business
- Globe and Mail
IBN Technologies Leads Accounts Receivable Automation in Montana's Logistics Sector
"Accounts Receivable Automation [USA]" USA companies are modernizing receivables with Accounts Receivable Automation to manage growing billing volumes, improve reconciliation, and gain financial transparency. With intelligent follow-ups and real-time dashboards, AR workflows are evolving into strategic assets. IBN Technologies provides custom automation that supports decision-making and reduces manual finance burdens. Miami, Florida - 2 July, 2025 - Rapid improvements in financial infrastructure are shaping how Montana companies manage receivables. From healthcare to logistics, firms are investing in platforms that remove processing delays and streamline invoice workflows. Accounts receivable automation has become a vital element in ensuring these operations can scale, offering consistent performance and reduced cycle times. A regional healthcare network successfully reduced invoice turnaround to just four minutes, unlocking faster cash recognition and more predictable receivables behavior across departments. These enhancements improve ledger accuracy and free teams from repetitive workloads. Now leveraging tools built with AI and automation, Montana businesses are gaining sharper visibility into receivables forecasting, exception tracking, and customer payment behavior. Integrated dashboards make it easier for finance teams to stay ahead of potential bottlenecks. Budget realignment favors intelligent systems that promote long-term planning, data transparency, and workflow flexibility. Finance roles are transitioning toward analysis and strategy rather than administrative tasks. With this shift, firms are not only increasing operational confidence but also supporting more informed decision-making and collaboration across business units. Elevate Cash Flow with AR Automation Support! Request your Free Consultation: Evolving business demands have made it harder for companies to manage AR with speed and precision. Many finance teams still rely on fragmented systems, causing unnecessary friction in receivables processing. This complexity often creates delays, misalignment, and reduced visibility across financial operations. • Shortage of resources for follow-up coordination • Disconnected invoice and reconciliation cycles • Trained team members stuck on daily admin • AR systems fail to grow with business scale • Lack of on-demand performance analytics in receivables Meeting today's financial benchmarks requires stronger operational infrastructure and scalable Accounts Receivable Automation models. IBN Technologies delivers specialized support to simplify receivables processing, improve accuracy, and help businesses stay competitive in dynamic environments. Transforming Finance Through AR Systems A growing number of firms are modernizing AR functions to stay ahead of increased volume and tighter financial cycles. Digital AR systems allow companies to operate faster and respond more effectively to customer payment behaviors. • Automates payment reminders to improve speed and payment consistency • Streamlines invoicing and delivery with real-time processing features • Applies professional controls through structured AR operating models • Supports business scale with robust cloud-enabled architecture • Provides live AR analytics with smart financial performance dashboards These advancements create a more organized and intelligent receivables structure. With simplified processes in place, finance teams are better equipped to allocate time and focus on bigger strategic initiatives. 'Strong AR platforms give finance the edge to act with clarity. Automation improves both day-to-day accuracy and long-term outcomes,' said Ajay Mehta, CEO at IBN Technologies. AR Systems Deliver Measurable Gains Businesses in Montana are experiencing significant value through specialized accounts receivable automation platforms. These tools enable more precise receivables oversight, accelerating workflows, and boosting cash visibility—key outcomes for modern finance operations. A U.S.-based healthcare provider brought invoice processing down to 4 minutes per transaction using automation from IBN Technologies, elevating speed and accuracy across large-scale billing cycles. Multi-channel invoice ingestion helped the organization centralize data handling and strengthen reconciliation, creating greater ledger stability and financial accountability. Custom-configured automation is proving its worth in Montana's evolving business environment. Firms are seeing a shift from manual dependency to consistent, digital-first AR routines. With expert support from IBN Technologies, these solutions can be aligned to strategic needs, improving transparency, compliance, and cash forecasting reliability. Automated Systems Reinforce Receivables With operational efficiency at the forefront, Montana businesses are enhancing receivables strategies through targeted technology initiatives. One healthcare organization in the state adopted a custom platform integrated with Invoice Process Automation (IPA), which helped reduce invoice processing time to just four minutes. The move addressed reconciliation bottlenecks, streamlined communication across billing teams, and boosted transparency in outstanding balances. The platform's ability to centralize and verify multi-source invoice data allowed for stronger financial oversight. By transitioning routine AR tasks into a responsive digital workflow, staff were able to reallocate time toward financial planning and compliance readiness. With guidance from experts like IBN Technologies, companies now tailor accounts receivable automation to match growth trajectories and evolving transaction volumes. These systems not only improve data integrity but also equip finance departments with the agility needed in today's market. Related Services: Robotic Process Automation Services: About IBN Technologies IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive AR efficiency and growth. Media Contact Company Name: IBN Technologies LLC Contact Person: Pradip Email: Send Email Phone: +1 844-644-8440 Address: 66, West Flagler Street Suite 900 City: Miami State: Florida 33130 Country: United States Website:
