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Leading global beverage firm transforms Accounts Payable processes

Thursday 4th January, 2018

A top-selling global beverage company has announced the successful deployment of Kofax’s accounts payable automation solution at its shared services centre.

The company’s shared services centre delivers finance, accounting, business process management and supply chain services to the business, processing approximately 360,000 invoices annually.

By consolidating systems and processes for 23 different accounting and finance departments into a single location and leveraging three ReadSoft solutions for SAP environments, this organisation realised significant increases in productivity, material cost savings, more efficient cash management and better vendor relationships.

Reynolds C. Bish, Chief Executive Officer of Kofax, said, “By implementing our solution, this global organisation is able to do more with less, doubling productivity in the process.”

“And they’re creating a better experience for their vendors – a win-win brought about by the digital transformation of a once time consuming and expensive process.”