Case Study: Bergelectric Leverages Kofax Solution To Automate More Than 165,000 Invoices AnnuallySource: Kofax
Kofax Platform Enables National Electrical Contracting Company to Reduce Overall Department Costs by Approximately 40 Percent
Each month Bergelectric receives and processes between 12,000 and 14,000 invoices that arrive from customers, sub-contractors, vendors, and a dozen regional office locations across the country. The company needed a solution to automate and streamline its accounts payable system, which was based on paper centric, staff intensive manual processing that was costly and prone to error.
At any given time, the company manages approximately 700 individual projects originating from multiple locations. Large purchase orders for supplies – such as conduits, cable and wire – are sent in by field representatives and need to be fulfilled promptly and accurately to ensure timely delivery of critical raw materials as well as to maintain vendor relationships. As an added challenge, about half of all the incoming invoices required a duplicate copy to be sent for approval, creating an even larger paper volume.
Kofax plc is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business critical information arising in paper, fax and electronic formats in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets.