Invu Document Management has enabled KMI Water to transform 80,000 paper invoices received annually to digital format. All in-bound paper has been eliminated from operational processes and together with integration with COINS financial software this has paved the way for greatly streamlined payment processes. 95% of all transactions are now processed within agreed payment terms. The company also has the information transparency required to support partnerships with both its key clients and the rest of its supply chain including sub-contractors.
As a result of its investment, KMI has transformed its payment processes and finance staff are freed up to concentrate on higher value jobs, providing a return on investment within 18 months.
Stuart Murray, Finance Director explained. “Anyone from procurement to finance can see the information in Invu and this ensures speedy resolution of standard issues such as wrong delivery charge or product rate.”
Now instead of handling repeated calls from suppliers about payments, finance staff can concentrate on invoice checking and validation. Furthermore, the company has been able to increase its turnover – and invoice volumes – without adding staff.
Read the full success story http://www.invu.net/case-studies.aspx
KMI Water implemented its Invu software with Invu reseller The Content Group. Contact Invu for more details.
As a result of its investment, KMI has transformed its payment processes and finance staff are freed up to concentrate on higher value jobs, providing a return on investment within 18 months.
Stuart Murray, Finance Director explained. “Anyone from procurement to finance can see the information in Invu and this ensures speedy resolution of standard issues such as wrong delivery charge or product rate.”
Now instead of handling repeated calls from suppliers about payments, finance staff can concentrate on invoice checking and validation. Furthermore, the company has been able to increase its turnover – and invoice volumes – without adding staff.
Read the full success story http://www.invu.net/case-studies.aspx
KMI Water implemented its Invu software with Invu reseller The Content Group. Contact Invu for more details.
