Travelling by train isn’t always a streamlined happening (at least in the Netherlands it isn’t); trains that often don’t run in time, with packed compartments and annoyed passengers as a result. The Hungarian national railway company, Hungarian Rail, must have thought that they could at least make sure that their purchase-to-pay process runs smoothly. And so the company is now working with Basware to improve its finance, procurement and purchasing procedures.
Expectations and improvements
Hungarian Rail expects to process one million invoices annually without additional staff, thanks to improved procurement and accounts payable processes. There are also plans underway to implement purchase-to-pay automation across 10 additional subsidiaries. The automated process solution has improved the productivity of the Hungarian Rail AP department by reducing unnecessary invoice processing time and costs and improved its overall finance and procurement processes having achieved critical transparency, control and productivity.
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