From milk cartons to envelopes and to-go cups, Evergreen Packaging provides durable fiber-based packaging and prides itself on being the best possible partner to customers and vendors. It needed to improve AP efficiency and visibility: reduce invoice processing time, eliminate manual data entry errors, see liability exposure on in-process invoices, cut late payments, and take advantage of cash discounts. The objective was a strategy for the lifecycle of both current finance documents and the net-new documentation a VIM implementation would create.
“SAP Invoice Management is helping our AP team to be more efficient. We now have greater visibility into the entire invoicing process, which enables our AP team to maximize discounts and make payments on time.”
Invoice automation rose 20 to 30 percent, with 35 percent of invoices posting after validation with no further manual processing. Discounts taken increased 80 percent, AP workload fell by 1.5 FTE, and the team gained a clearer view of unposted liabilities.