saved annually on FTE cost
reduction in invoice approval time
10,000 invoices per month
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.
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.
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.