CASE STUDY:
Automate Vendor Invoicing Solution with Documentum
Major Utility Company automates and streamlines Accounts Payable Solution for Vendor Invoices using Documentum
Business Challenge
- Major utility company processing over 60,000 invoices to multiple vendors every 2 weeks
- Current accounts payable solution required all incoming invoices to be processed manually
- Intelligent Capture solution was available but was not being utilized effectively
Solution
- Upgraded Documentum Accounts Payable solution to newest version to provide improved functionality
- Refined and automated payable processes to set up templates for auto validation of invoices
- Automated the invoice approval process to reduce manual touch for each invoice
- Implemented automated routing of invoices to the correct and appropriate departments
Benefits & ROI
- Reduced internal invoice automation processing costs by more than 60%
- Avoided late fees to vendors by reducing the invoice processing times and eliminating errors
- Reduced manual processing efforts for the accounts payable team to allow for higher value activities by the support team
