Industry: Healthcare
To address a decentralized and manual paper based invoice processes for entering 180,000 vendor invoices annually, the client invited Intertec for an automated Accounts Payable solution to be used by their global shared services 150+ staff.
Previously, invoice entry was a time and resource intensive process that required significant personnel requirements. Now, the client has centralized their global invoice processing and routes documents electronically.
Challenges
- Lack of visibility to information whether an invoice received, any exceptions, processed or paid
- Improve reconciliation, streamline accrual processes, and produce more-accurate financial statements
- Slow invoice processing due to manual routing
- High invoice processing cost due to processing errors, exceptions, and vendor queries
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