The world of accounts payable (AP) and invoice management is witnessing a pivotal transformation. A wave of change, anchored by the partnership between Oracle Fusion and Kefron, is ushering in a new era of efficiency and streamlined operations with Oracle automation.
But what’s triggering Oracle Fusion users to pivot away from Oracle Intelligent Document Recognition (IDR)? As we unpack the challenges that AP teams grapple with, we’ll spotlight how the Oracle Fusion-Kefron nexus might be the fresh approach your business needs for Oracle automation.
Oracle Intelligent Document Recognition (IDR) is a technology designed to automate the capture and processing of data from documents like invoices, receipts, and purchase orders. Using optical character recognition (OCR) and machine learning, it extracts key information.
While Oracle IDR aims to reduce manual data entry and errors, it has notable limitations. Users have reported difficulties with customisation and handling complex invoice templates. Additionally, the system’s present options and limited visibility can make issue resolution challenging. These shortcomings have led many businesses to seek more flexible and user-friendly alternatives, such as Kefron AP, which offers tailored solutions to better meet their specific needs with Oracle automation.
A recent survey by Ardent Partners’ asked AP teams what the biggest challenges facing AP are today:
Ardent Partners also found that the average cost to manually process an invoice has increased by 10% in the last 12 months to £8.18! Kefron AP integrated with Oracle Fusion can help solve these issues and minimise cost through automation, providing a positive direction for businesses seeking efficiency and cost-effectiveness.
Kefron champions a structured approach to invoice management, commencing with invoice receipt and spanning across advanced data extraction, validation, and matching phases. The innovation doesn’t stop there. Our bespoke API, designed for seamless data transfer with Oracle Fusion, offers businesses enhanced connectivity and performance, setting a benchmark in integration capabilities with Oracle.
When it comes to AP automation, Kefron AP and Oracle IDR offer distinct approaches. Oracle Fusion and Kefron AP enhance one another, leading to many customers shifting away from Oracle IDR. Here’s a breakdown of how Kefron AP stands out in delivering a managed service and addressing key AP challenges:
Kefron AP provides a managed service that involves extracting information directly from invoices. Our dedicated team takes responsibility for teaching and optimising the solution for maximum accuracy. This means you can avoid the tedious day-to-day administrative and technical management associated with invoice automation solutions. Find out more about the hidden realities of invoice automation software.
Kefron’s focus on AP excellence is evident through advanced workflow functionality. Unlike a one-size-fits-all solution, our workflow is tailored to your business, addressing your unique needs and challenges. In contrast, Oracle IDR may have some present options, but visibility can be limited, making issue resolution challenging for users.
Touchless invoicing, considered the gold standard, is where Kefron excels. While Ardent Partners define 50% touchless processing as ‘best in class’, Kefron’s customers consistently achieve 80%+ touchless invoicing. This exceptional performance is attributed to our precise extraction accuracy. We provide concrete data to showcase the extent of touchless processing achieved to our customers. So you know exactly how well our system works. What sets us apart is our proactive approach – we collaborate with you on a monthly basis to identify bottlenecks and target suppliers causing the most issues, ultimately aiming for the highest level of touchless processing.
Unlike Oracle IDR’s more generalised solution, Kefron customises the platform specifically to your business. We understand that your AP challenges are unique, and we configure the system to tackle these specific issues. Our process involves working closely with you to identify anomalies and pain points within your organization. Kefron’s experts take charge of setting up and configuring the system, saving you from the daunting task of poring over documentation and setting up the solution yourself.
A seamless user experience is vital for successful and quick adoption. If you’re an Oracle Fusion user, you’ve invested significantly in configuring your interface. Kefron’s AP platform ensures user buy-in and adoption by providing an intuitive interface. Purpose-built for AP teams, our platform promotes user-friendliness to better facilitate onboarding and daily usage.
In the vast ocean of AP automation, Kefron AP emerges as a beacon of tailored efficiency. While Oracle IDR has its strengths, Kefron’s focus on bespoke solutions, optimization, and seamless integration with Oracle Fusion sets it a cut above the rest. As businesses recalibrate their AP strategies, they’re leaning into solutions that resonate with their evolving needs and growth trajectories.
In today’s business environment, the pressure to save costs and improve efficiency is ever-present. For many users, switching to Kefron AP for invoice validation and automation has proven to be a transformative decision. One user highlights this impact by stating:
“In a time where there is constant pressure to save costs and improve efficiency, moving to Kefron as our AP invoice validation and invoice automation supplier has been a game changer for us. Kefron works well with Oracle Fusion and we found Kefron staff to be very knowledgeable and easy to work with.”
This positive feedback underscores the seamless integration between Kefron AP and Oracle Fusion, which is crucial for organisations relying on robust ERP systems. The knowledgeable support from Kefron’s staff further enhances the user experience, ensuring smooth implementation and ongoing optimisation of the system. This combination of technical compatibility and expert support makes Kefron AP a valuable partner for businesses aiming to streamline their accounts payable processes using Oracle automation.
Another user emphasises the system’s efficiency gains through adaptive learning:
“The system’s adaptive learning of supplier invoice templates ensures a continuous increase in touch-free invoice processing.”
This feature is particularly beneficial as it allows Kefron AP to learn and adapt to various invoice formats over time, improving accuracy and reducing the need for manual intervention. As a result, businesses can achieve higher levels of touch-free processing, which translates to faster invoice handling, fewer errors, and significant time savings. This adaptive capability is a testament to Kefron AP’s innovative approach to automation, continuously enhancing performance and delivering measurable benefits to its users.
The transition from Oracle Intelligent Document Recognition (IDR) to Kefron AP highlights the advanced capabilities of Kefron in managing and automating invoice processes. Users appreciate the improved efficiency and cost savings provided by Kefron’s integration with Oracle Fusion. The ongoing improvements and the ability to handle diverse invoice templates effectively position Kefron AP as a superior solution in the realm of Oracle automation.
In the vast ocean of AP automation, Kefron AP emerges as a beacon of tailored efficiency. While Oracle IDR has its strengths, Kefron’s focus on bespoke solutions, optimization, and seamless integration with Oracle Fusion sets it a cut above the rest. As businesses recalibrate their AP strategies, they’re leaning into solutions that resonate with their evolving needs and growth trajectories.
The transition from Oracle Intelligent Document Recognition (IDR) to Kefron AP highlights the advanced capabilities of Kefron in managing and automating invoice processes. Users appreciate the improved efficiency and cost savings provided by Kefron’s integration with Oracle Fusion. The ongoing improvements and the ability to handle diverse invoice templates effectively position Kefron AP as a superior solution in the realm of Oracle automation.
As businesses continue to seek ways to enhance productivity and reduce costs, the partnership between Oracle Fusion and Kefron AP offers a compelling, innovative approach to AP automation. This collaboration ensures that companies can achieve higher levels of touch-free processing, greater accuracy, and significant time savings, ultimately driving growth and success in the competitive business landscape.