In this episode, we explore how a leading education publisher optimized its Accounts Payable (AP) operations by partnering with Datamatics. Facing challenges such as processing a high volume of invoices manually, which led to reduced productivity and increased operational costs, the company sought to alleviate issues related to misplacement of invoices, time-intensive routing, and exception handling.
Datamatics proposed an end-to-end outsourcing solution characterized by centralized operations, encompassing services from mailroom operations to check printing and payment register posting. This approach provided economies of scale for scanning and back-end printing operations, along with exception handling to streamline the process through an automated, built-in escalation mechanism and helpdesk facility.
The implementation resulted in a 30% cost savings on outsourced work, better realization of early-payment discounts, enhanced cash flow with reduced days outstanding, and improved control over invoice handling, leading to a paperless AP office.
Tune in to learn how Business Process Management (BPM) can transform AP processes, leading to significant cost savings and operational efficiencies in the publishing industry.
Read the entire case study here: https://www.datamatics.com/resources/case-studies/bpm-optimizes-accounts-payable-process-for-a-leading-education-publisher
To know more about our BPM solutions: https://www.datamatics.com/business-process-management/