2. Global Telecommunications Corporation
Background
A Global Telecommunications Corporation was experiencing difficulty in
handling an ever increasing volume of incoming Accounts Payable mail,
leading to excessive processing delays. Their desire was to address
this problem before it became unmanageable.
3. Challenge
How to streamline the Accounts Payable process while substantially
reducing costs
How to eliminate the handling of paper and the manual Accounts
Payable data entry function
4. Solution
All accounts payable invoices are now redirected to ACI where they are
processed and accounts payable data is made available to the client for
upload into their financial system for payment processing.
5. Benefits
1. Over 70% reduction in department overhead
2. Elimination of accounts payable hardcopy, faxed or emailed invoices
3. Acceleration of accounts payable invoice processing
4. Elimination of late payment fees
5. Improved opportunity to take advantage of vendor discounts
6. Substantial improvement in vendor relations
