OneSteel Commercial Shared Services Department has streamlined accounts payable with the Xcellerate IT document capture solution and automating the processing of over 300,000 supplier invoices per year with integration into JD Edwards.
Cynthia Singh, Group Commercial Shared Services Manager, OneSteel Commercial Shared Services, says;
“The Xcellerate IT team had an extensive knowledge in automating accounts payable processes; they were sincerely keen to understand our requirements and to provide a suitable and cost-effective solution.”
“The solution has enabled the Shared Services team to gain overall efficiency and full visibility and tracking of each invoice transaction. Less time is now spent on processing data as we have achieved 95% automation in data extraction with an average of 36% automation in PO matching and straight through processing.”
“We achieved significant improvements when we upgraded the Kofax solution in 2012 with tighter integration with our workflow platform. The On-line Learning functionality available with the latest Kofax version enabled us to increase the accuracy of data extracted to 95%!”
“Due to the successful experience we had with automating JD Edwards, we are now in the process of expanding the Accounts Payable Automation solution to our SAP environment. Once we go live with this, we will be able to automate the process of approximately 800,000 paper invoices per year.”
“Average of 36% straight through processing with no manual intervention.”
“The capturing of all supplier invoices at point-of-receipt improved the audit trail of invoices and allowed management to have full visibility and control of each business transaction with detailed reporting especially around cause of exceptions.”