£ 0
saved annually on FTE cost
0 %
reduction in invoice approval time
The Numbers
Testimonials
Before Kefron AP, our phones used to be off the hook with people chasing invoices and dealing with various supplier queries. But now we probably get four or five calls a day. That’s really good.”
Kelly Towell
Head of Accounts Payable
CVS Group
The system is easy to use as everyone in the business can just log in, check their invoices and approve them with just one click. This helped us to increase the suppliers paid on-time process.”
Kelly Towell
Head of Accounts Payable
CVS Group
Challenge
The team at CVS Group were spending a lot of time rekeying information manually from invoices into their Microsoft Nav system. That left a lot of room for human errors, which led to a high volume of supplier queries via email and phone. Furthermore, the approval process was really manual and time-consuming, as consequence supplier invoices were being paid late.
As the company continues to grow, CVS Group needed a standardised AP process that would increase invoice processing efficiency and improve supplier relations.
Solution
With dynamic data capture technology and full integration with Microsoft Nav, the ERP system used by CVS Group, Kefron AP eliminated the need to rekey information. The invoices are scanned, uploaded or emailed directly to the Kefron AP system and no matter how the invoice has been designed, they are processed within minutes of arriving. Digitising your documents can reduce invoice processing costs by 67%.
Outcome
CVS Group eliminated errors related to human touch-points and drastically reduced the number of queries, by automating invoice processing. The team was giving time back to focus on more valuable tasks and a reduction of 4 FTEs was facilitated.
The company achieved improvement in supplier ‘paid-on-time’ performance versus target and the time it takes to approve invoices has been reduced by 67%. Furthermore, Kefron AP integration was recognised as one of the most successful projects.
