Infor ERP System
5,000 invoices per month
424 trees saved per annum
Invoice Automation Experience
Shocked by our high paper usage in accounts payable, we saw a pressing need for change. Adopting a paperless accounts payable approach wasn’t just about efficiency; it deeply resonated with our Honesty Project, marking a pivotal shift towards Sustainability in Finance and better invoice management.”
Colin McDougall
Head of Group Transactional Services
The system’s visibility into every invoice’s status has been transformative for our AP team. It’s a significant advantage, providing clarity and efficiency that’s truly fantastic. The feedback is unanimous: we can finally breathe easier, supported by a tool that enhances our workflow in AP automation solution.”
Colin McDougall
Head of Group Transactional Services
Kefron team was very patient and flexible. We had to change the scope from integrated to non-integrated initially including needing more time, more resources. Our project also had headcount changes within Regatta and the Kefron team had a great attitude.”
Colin McDougall
Head of Group Transactional Services
Sustainability in Finance - Regatta's Journey
Turning the Tide on Paper Waste
Regatta grappled with a significant sustainability challenge: their Accounts Payable process was heavily reliant on paper, consuming over 212,000 sheets annually. This practice not only contradicted their environmental goals under the Honesty Project but also resulted in inefficiencies and a substantial carbon footprint, underscoring an urgent need for a shift towards more sustainable financial practices.
Regatta Embraces AP Automation
In response, Regatta turned to AP Automation Solution, choosing a path that promised both operational excellence and a commitment to sustainability. By implementing a state-of-the-art Paperless Accounts Payable system, Regatta embarked on a journey to drastically reduce their paper use, aligning their AP processes with their sustainability objectives and showcasing their dedication to eco-friendly business practices.
Harvesting Green Success: Sustainability in Finance
The transformation was profound. With the new system, Regatta’s AP team gained visibility and control over the invoice process, significantly reducing manual tasks and paper waste. This not only made their operations more efficient but also saved 424 trees annually, directly contributing to their sustainability goals. The successful integration of sustainability in finance through AP automation marked a milestone in Regatta’s commitment to a greener future.
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FAQ
What is Sustainability in Finance?
Sustainability in finance involves integrating environmental, social, and governance (ESG) criteria into financial services and investment decision-making. It aims to promote eco-friendly business practices and long-term environmental stewardship.
How does Paperless Accounts Payable contribute to sustainability?
Paperless Accounts Payable systems reduce the need for physical paper by digitizing invoices and financial documents. This not only saves trees and reduces waste but also decreases the carbon footprint associated with paper production, transportation, and disposal.
What is AP Automation Solution?
AP Automation Solution refer to software and systems designed to automate the accounts payable process, from invoice receipt to payment. These solutions improve efficiency, reduce errors, and support sustainability by minimizing the need for manual, paper-based processes.
Can sustainability in finance improve operational efficiency?
Yes, focusing on sustainability in finance, such as adopting AP automation, can significantly enhance operational efficiency. It streamlines processes, reduces manual tasks, and leads to cost savings, all while aligning with environmental goals.
How do AP Automation Solution impact retail AP automation?
In the retail sector, AP automation solution streamlines the management of high-volume transactions and complex invoice processing. They enhance accuracy, improve supplier relationships, and support sustainability by reducing paper use and manual intervention.
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