Mervi Mäkelä,
Director Cash Management
Automating Invoice Processing Brought Significant Savings
Finnair, a Finnish airline, has seen firsthand how inefficient processes can swallow up large amounts of capital. Before, Finnair handled annually 115,000+ invoices manually, resulting in lost invoices and high handling costs per invoice.
Key Challenges:
- No clear processes for invoice handling.
- Manual invoice processing that was laborious and inefficient, often resulting in lost invoices.
- Extremely high costs associated with each paper invoice
Solution: Basware Invoice Processing
By moving from manual to electronic invoice processing Finnair has saved millions of Euros. Invoices don't need to be checked, distributed or archived manually anymore. Invoice processing is now faster and easier to monitor.
Benefits
- Significant cost savings through clearly defined processes and automated workflow.
- Invoices are now easy to track throughout the process.
- The system is transparent, easy to use and requires no extensive training to get started
