Automating invoice processing delivered visibility and control, resulting in a 40% increase in Accounts Payable (AP) productivity, while a supplier activation programme has enabled Lloydspharmacy to increase the volume of e-invoices received from suppliers - further extending best practice and driving greater operational efficiency.
“We needed to improve the efficiency of our AP function
to cope with an anticipated growth in invoice volumes
without an accompanying increase in resources.”
Financial Systems Controller