Get Invoices to the right payable group
Invoices often ended up with the person or team who made the order instead of the right payable group
Avoid late fees, penalties and charges
AP processes were often higher than industry standards, resulting in late fees, charges and penalties
Low visibility on invoice status
The AP team lacked visibility into invoice tracking
Inefficient invoice capture and approval
FCL didn’t have a process to capture electronic invoices and approvals
Industry: Wholesale & Distribution
Country: Canada
Achievements
60% Improvement in total turnaround time
C$72K Reduction in late fees
Most invoice are processed within minutes
Solutions
SCANMAN AP Automation
AP Reporting on ReportsNow DAS
FCL CO-OP
Challenges
At FCL (Federated Co-operatives Limited) there was a strong need to automate paper-based AP processes. The AP team was facing four main challenges.
Get Invoices to the right payable group
Invoices often ended up with the person or team who made the order instead of the right payable group
Avoid late fees, penalties and charges
AP processes were often higher than industry standards, resulting in late fees, charges and penalties
Low visibility on invoice status
The AP team lacked visibility into invoice tracking
Inefficient invoice capture and approval
FCL didn’t have a process to capture electronic invoices and approvals
"The SCANMAN team was very responsive, and able to get things done quickly. Thanks to the seamless integration with JD Edwards, its AP automation is very easy to use, and it has enhanced our AP team efficiency, helped us avoid late penalties fees, and take control of paper-based operations.”
Duane DeRosier | FCL
Associate Vice President Finance & Systems
Late Fees
-C$
0
K
Invoice processing became faster and resulted in a decrease in late fees.
Improvement
%
0
In total turnaround time over a period of six months.
Minutes
50
Most invoices are processed within minutes. Exceptions are handled in maximum five days.
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