Accounts payable that closes itself
A $4B manufacturer processing 1.2 million supplier invoices a year across three ERPs, with a 26-person team and a month-end close that regularly ran past day ten.
- Cost per document, from $2.40
- $0.07Cost per document, from $2.40
- Reduction in close cycle time
- 71%Reduction in close cycle time
- Annual run-rate saving
- $2.6MAnnual run-rate saving
- Headcount reductions — team redeployed
- 0Headcount reductions — team redeployed
The number I care about is not the 94%. It is that we stopped having the same conversation about unposted liability every month.