Acumen Data's solution improved managers' access to creditor information and simplified document storage and retrieval.
CAAPS Case Study:
Home & hardware products; electronic security and entertainment products; building and industrial products
In-house developed ERP
The size and diversity of the Hills Industries business combined with a variety of locations meant creditor management was a large and complex process, with invoice reconciliation, approval and processing extremely time consuming. In addition, the statutory requirement to retain documents such as invoices for a minimum of seven years also imposed a substantial storage overhead.
At the heart of this new management of creditors is the direct interfacing of Acumen Data’s Dv software with Hills’ mainframe accounting system, which allows for a much more streamlined approach to manage the company’s many invoices. The program reads, logs, processes, files and stores all invoices, allowing staff to access all documentation for a specific transaction with the push of a button on their terminals.
Access to creditor information is substantially improved and document storage and retrieval is simplified, with associated cost benefits and improved security. The organisation’s administration team is much more productive and invoices no longer get lost or misplaced. This approach was initially trialled as a small pilot project within a single company division, however following its success, the new creditors’ system was rolled out across all Australian and New Zealand offices.
For more information on how we can help with your Accounts Payable needs, contact Acumen Data today