E-invoicing news: Narvik chooses Pagero, Deutsche Bank implements Ariba, Kapstone Paper uses Dynamics AX

More electronic invoicing news

Narvik municipality and Pagero sign agreement on e-invoicing

The Norwegian municipality Narvik has attached itself to Pagero e-invoicing network. The Narvik municipality currently receive e-invoices from multiple vendors. Their goal is to increase this share as soon as possible and in a cost effective manner.

The cooperation between Narvik and Pagero includes a joint activation of all suppliers that deliver to the municipality. Regardless whether these supplier already have an e-billing solution to there disposal.

The Pagero solution supports Narvik municipality’s desire to preserve their small suppliers’ ability to meet the demands of e-invoicing.

Deutsche Bank implemented Ariba PO Automation and Invoice Automation

Like many corporate organizations, Deutsche Bank uses SAP software to manage its financial business. And while SAP has made accounts payable a much more efficient function, Deutsche Banks has its sights set on:

  • eliminating paper,
  • increasing the speed with which invoices are processed,
  • improving the efficiency with which invoices are matched to purchase orders (POs) and contracts,
  • and capturing opportunities for discounts.

For that reason has implemented Ariba® PO Automation and Ariba Invoice Automation solutions within its SAP environment. To date this has allow Deutsche Bank to:

  • Onboard thousands of suppliers for electronic processing
  • Move from 100 percent paper invoicing to a goal of 80 percent electronic invoicing (and this comes the tricky part:) in some targeted regions
  • Process more than 350,000 invoices into e-invoices annually
  • Drive 70 percent of invoice transactions from purchase orders

KapStone Paper Goes Live with Dynamic Payables AX Edition

Illinois-based KapStone Paper a leader in unbleached paper and packaging decided to implement Dynamic Payables for AX from 5280 Solutions.

Before, KapStone Paper had an accounts payable (AP) department with these characteristics:

  • They would manually process invoices being sent to manufacturing plants located in various parts of the country.
  • Invoices would sit in a mail room or on a requester’s desk for several days before being hand coded and faxed or e-mailed to KapStone’s corporate office.
  • The AP at the corporate office would scan invoices and file backup paper copies in storage racks, send e-mails to capture necessary approvals and manually code each item into AX.

This situation offered KapStone very little visibility and created challenging month end/quarter end close procedures. Further, KapStone was ill-equipped to handle their projected increase in business growth without relying on additional AP headcount.

5280 Solutions’ Dynamic Payables for AX is an end-to-end invoice automation solution built on the SharePoint platform. The web-based solution includes Optical Character Recognition (OCR), workflow automation, browser-based coding and approval forms and real-time integration with AX.

With the completed implementation of Dynamic Payables AX Edition, KapStone has been able to substantially reduce its manual processes by approximately 75%, with additional benefits of automation.

Related Posts

Comments are closed.