The approval process is completely transparent during processing and can also be traced well in retrospect. A particularly important feature is the solution’s ability to determine precisely who released the invoice.
All the information is available centrally and fast – including for the company‘s more remote locations, who previously had virtually no access to invoice documents.
The quality of the vendor master data in the SAP system has improved considerably since the system was implemented. Because an invoice can only be validated if the vendor master data is complete, the purchasing department now checks the vendor master data when it places an order at the latest, and adds any missing data, if necessary. The entire company benefits from this, not just the accounts department.
The processing time for invoices has been reduced drastically. Automatic posting alone, which covered merely 10 % of the invoices since it was implemented, saves a few hours working time a week. This enabled the shared service center to gradually extend its services to other locations, without overburdening the existing team of accountants with the growing volume