Retail Chain – Industrial Products

The Challenges

1 Time consuming and messy accounts payable process.
2 Lacking visibility & accountability.
3 Payment delays straining supplier relationships.

A multi retail location supplier of industrial products had a tough time with their accounts payable approval process. Bringing together invoices, delivery dockets and remote branch approval created head office headaches.

Chasing paperwork, sending approval reminders and a lack of visibility of what outgoing cashflow was ready for payment added to the frustration. Overdue payments and late penalties were impacting relationship with key suppliers.

A simple accounts payable approval workflow was introduced - This created clarity around delegation, current status in the multi-stepped approval process, ensured important documents were cross checked, invoicing errors detected and suppliers kept happy through prompt payment.

Result

Streamlined collation and matching of invoices, purchase orders and delivery documents.
Visibility who and where are invoices in the approval process.
Speed - Procure to pay.

Back to Case Studies

Revolutionise your operational efficiency via an InnovateRx tailored improvement strategy.

Let’s move your business forward—together.

Discover How

Explore Transformation