SGS France chooses Iron Mountain for AP Automation
SGS France has chosen a business process management solution from Iron Mountain to better manage their AP invoices. Looking back Iron Mountain, was the company that introduced itself by claiming to hire 550 people in a new invoicing unit.
The solution for SGS France was to delegate the invoice processing to Iron Mountain. As a result the processing time has been halved and SGS France achieved productivity savings of €450,000 per year.
Some figures
SGS is a large in product verification, inspection, analysis, and certification services. The company
- employs 64,000 people and has some 1,250 offices and laboratories worldwide.
- In France, the company employs 2,450 people and has 23 specialist laboratories .
- The French finance division processes 80,000 supplier invoices per year.
- 25 SGS people now use the Iron Mountain platform on a regular basis, with another 350 occasional users.
With the AP Automation solution of Iron Mountain in place, SGS can now rely on:
- receiving and scanning invoices
- extracting company information and performing compliance checks
- managing the validation and accounting workflow creating a gateway to e-procurement tools
- providing a remote management tool, including access to all invoices in pdf format
- offering dashboards and monitoring tools
- archiving invoices in paper format and destroying them securely at the end of the statutory retention period
Quotes
Eric Sarfati, Administrative and Financial Director SGS France:
- “We calculate that processing time for supplier invoices has been halved, generating an estimated €450,000 per year in productivity gains.”
- “The ease of working for all users is of immeasurable value. Information exchanges are much more fluid. For example, purchasing department personnel used to have to run from department to department to obtain the data necessary to produce costs studies. That’s no longer the case.”
- “Iron Mountain was the only company that enabled us to manage all invoicing workflows and processes on an open platform that could be adapted to meet our needs. Now we have a single service provider for the whole invoice life cycle from receipt to destruction.”
RBS e-Invoicing service wins gold Green Apple Award for environmental best practice
Not so long ago we mentioned that OB10 had won a Green Apple Award. Again. For the fifth consecutive time. But then we received a phone call from RBS.
They said that they had won the gold version of the Green Apple Award (can you imagine), in its category, Environmental Best Practice, Banking and Finance, because of:
- A comprehensive set of connection methods to ensure businesses of all sizes and varying technical ability can connect with ease
- Commitment to achieving significant adoption by providing dedicated e-Invoicing on-boarding teams
- Future value added banking solutions including Supply Chain Finance and Payments integration
- Completely FREE for suppliers to connect and send invoices
So, congratulations to RBS. You’ve earned them.
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