[INFOGRAPHIC] Accounts Payable Success -- A Story of Shared Services
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[INFOGRAPHIC] Accounts Payable Success -- A Story of Shared Services

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Albemarle is a leading developer and manufacturer of specialty chemicals with two shared services ...

Albemarle is a leading developer and manufacturer of specialty chemicals with two shared services
centers supporting global invoicing operations. Seeking a cloud-based SAP®-integrated solution to
replace its aging fax server, Albemarle leveraged Esker’s Accounts Payable (AP) automation solution
with outstanding results.

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[INFOGRAPHIC] Accounts Payable Success -- A Story of Shared Services Infographic Transcript

  • 1. AP SUCCESS! THE ALBEMARLE STORY Albemarle is a leading developer and manufacturer of specialty chemicals with two shared services centers supporting global invoicing operations. Seeking a cloud-based SAP®-integrated solution to replace its aging fax server, Albemarle leveraged Esker’s Accounts Payable (AP) automation solution with outstanding results. Here is a snapshot of their AP success story. ELECTRONIC PROCESSING 60% 90% 10% ELECTRONIC PROCESSING RATE Prior to Esker, Albemarle was processing 13,000 invoices per month — manually. Today, its electronic processing rate is at a time-saving and cost-reducing 90%. Utilizing Esker’s email invoicing capability has allowed Albemarle to reduce the number of paper invoices recieved by mail from 60% to 10%. HIGHER PRODUCTIVITY LEVELS Posting invoices in SAP with minimal intervention and 100% visibility has allowed Albemarle to go from an average of 60 invoice transactions per day per AP processor to 85 per day per processor. The top processor has reached as high as 200 invoices in a single day! MANUAL 60 INVOICES AUTOMATED 85 INVOICES TOP PROCESSOR 200 INVOICES INCREASED SUPPLIER SATISFACTION By reducing processing errors and ensuring timely payments, Albemarle has been able to provide a more consistent, responsive and favorable experience for its 8,500 suppliers globally. +8,500 SATISFIED GLOBAL SUPPLIERS LEARN MORE Download the Case Study: Albemarle: Gaining Worldwide Automated AP Capability with SAP ®-Certified Partner, Esker Download Web: www.esker.com | Blog: www.quitpaper.com