Sealy Finds Enhanced Support With BancTec's Fully Automated Accounts Payable Processing System
Global BPO provider selected by one of world’s largest bedding brands to help process some 144,000 invoices annually
BancTec, a global leader in business process outsourcing (BPO) for financial transaction automation and document management, announced that Sealy, one of the world’s largest bedding brands, has selected its fully automated Accounts Payable Processing System over a number of national and local BPO and software companies.
“We are excited to help Sealy increase productivity, improve visibility and reduce its cost per invoice,” said Chuck Corbin, vice president of strategy and business development, BancTec. “Our web-based AP Master pay-as-you-go model will automate Sealy’s current accounts payable process and will help provide significant long-term financial and process gains.”
AP Master will give Sealy improved control of accounts payable through automation and web-based workflow. It will increase visibility into outstanding liabilities, invoice status and AP process performance through tracking tools and metrics reports. Through the creation of audit trails and electronic archives, Sealy will realize increased productivity in electronic documentation retention and retrieving. Other benefits include the elimination of manual data entry errors and reduced risks associated with lost or misfiled documents.
“Using our invoice module, vendor portal and purchase order functionality with AP Master, Sealy will be able to address challenges at every stage of the accounts payable process, allowing for reduced costs, increased controls and maximum efficiency,” said Corbin. “Our easily configured solution will help give Sealy a competitive edge in the marketplace.”
BancTec is a global leader in business process outsourcing (BPO), providing financial transaction automation and document management services for organizations seeking to drive efficiency in their financial and back-office processes. Headquartered in Dallas with clients in 50 countries, BancTec leverages its proprietary IP and deep expertise to provide flexible, focused solutions across the financial services, insurance, healthcare, utility, transportation and government sectors. The company operates 19 BPO centers in the United States and worldwide, utilizing a common technology platform to deliver reliability, security, and consistently high levels of performance. For more information, visit http://www.banctec.com.
Sealy owns one of the largest bedding brands in the world, with sales of $1.2B in fiscal 2011. The Company manufactures and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Sealy Embody, Optimum by Sealy Posturepedic, Stearns & Foster, and Bassett brands. Sealy operates 25 plants in North America, and has the largest market share and highest consumer awareness of any bedding brand on the continent. In the United States, Sealy sells its products to approximately 3,000 customers with more than 7,000 retail outlets. Sealy is also a leading supplier to the hospitality industry. For more information, visit www.sealy.com.