As a global leader in designing, fabricating, erecting, and commissioning highly complex ships and offshore installations, STX France reached the point where they needed to modernize their accounting and financial systems in order to keep up with their growing business.
…A good problem to have, I’d say!
In addition to an outdated system, STX France also had a number of issues related to vendor invoice processing:
- Manually processing 50,000 vendor invoices annually
- A large number of global suppliers
- Over 500 invoice validators, often out of the office
- A significant increase in workload due to the construction of Harmony of the Seas℠
Clearly, it was time to find an accounts payable automation solution to accommodate their growing business needs.
Benefits STX France Achieved From Automating Vendor Invoices
Some of the greatest advantages STX France has been able to achieve by automating their vendor invoice processes include:
- Time savings for AP staff by eliminating the need for manual data entry and document handling
- Mobile accessibility for invoice validators to approve vendor invoices while they’re on the road
- Improved invoice visibility with real-time tracking capabilities
- Increased AP department’s value as a result of staff being able to focus on higher value tasks such as managing disputes, improving supplier relations and proactively monitoring cases
- Improved workload management and prioritization thanks to customizable dashboards and reports sent to team managers
- Simplified solution management and maintenance as a result of implementing a cloud-based solution
Esker’s cloud-based accounts payable automation solution was implemented in less than two months, and now automates 100% of STX France’s vendor invoices.