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Loomis Sayles & Company Case Study

Loomis, Sayles and Company chose Basware because they felt it was the best invoice automation solution, hands down. It provides an easy-to-use user interface and can integrate with their ERP (Lawson). They have been using Basware invoice automation, scanning, document archiving, and ERP integration modules to automate their invoices ever since they started sending test invoices a mere three days after configuring the system!

Basware has enabled Loomis, Sayles and Company to track and audit invoices easily and helped them save significant time and money. They were able to achieve ROI in a mere 14 months. Thanks to Basware, they have been able to reduce the number of invoices they need to process by about 20%; eliminate redundant processes; reduce imaging costs; decrease shipping costs; and reduce the payment process from 40 to 25 days. In fact, 85% of invoices are now paid within 7-10 after being put on the system.

Read the case study to learn more about:

  • How Loomis, Sayles and Company were able to re-assign 40% of AP staff to more strategic priorities and

  • How Basware is helping them monitor suppliers and look for ways of consolidating supplier invoices and capturing early payment discounts.