Luzerner Kantonalbank modernizes its financial processes using Basware Invoice Automation software
Luzerner Kantonalbank AG (LUKB) has 26 branches, making it one of Switzerland’s largest cantonal banks. Their in-house financial processes and invoice management volumes are impressive: they take just one day, on average, to process an invoice – from receipt to payment – although some involve multiple approval loops. With 25,000 invoices to process each year, the benefits of quick processing and ap automation using Basware’s state-of-art invoice management software can be quantified in hard cash. Basware’s automated invoice management solutions save time and money!
“The ap automation investment will have paid off in three to five years, now that our staff saves a lot of time: The entire process from receiving the invoice to posting now only takes one to two days. Our in-house record is 14 minutes!” - Patrick Scheuber, Head of Accounting & Controlling at Luzerner Kantonalbank AG