Automation of Accounts Payable at a leading Beverage Producer Across the Globe

Overview

The organization is one of the leading beverage companies across the globe. They produce more than 3500 different beverages for their consumers spread across 200 + countries.

The Challenges

The organization required a solution to automate the Accounts Payables/ Accounts Receivables processes and a centralized document repository that would manage all the business documents across the locations and help speed up the overall performance of the organization. The centralized repository had to be the single access point for all the necessary documents and would work as a shared service center for all the locations.

The Benefits

The benefits that the organization attained from the Newgen’s solution include:

• Reduced turn-around-time (TAT) for the processing of the invoices
• Dashboard and customized reporting structure for total control over the process activities
• Improved supplier satisfaction by paying the vendor on time
• Document retention as per regulation
• Complete information regarding the service invoice, including the approval and processing history, can be viewed along with the electronic image of the document

Moreover, the Newgen’s OmniDocs repository helped in saving the document image and the images were easily accessed by a single click on the workflow.