Embracing a new way of thinking can enable the greatest change for P2P since the rise of computerised accounting. The need to invest time and resources on repetitive admin tasks such as keying in information and coding items for analysis is removed. Allowing accounts payable staff to concentrate on strategic value-based activities
Locks 4 Vans is an automotive locking solutions company. It is recognised as the industry leader in aftermarket security solutions for Light Commercial Vehicles.
The accounts payable team was spending a significant amount of time manually processing invoices. These invoices were received as a mix of email and post. Anything received digitally was printed and then manually coded and entered into the finance system.
To address these challenges, the company has chosen Stratas to automate its accounts payable processes. The team is now using an end-to-end P2P automation solution that integrates directly with their existing ERP system, SAP Business One.
Learn more about purchase-to-pay automation.