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McDonald’s e-Invoicing: The Secret Sauce Behind AP Success

16 October 2018

6 minute read

McDonald’s e-Invoicing: The Secret Sauce Behind AP Success

When you think about the word McDonald’s, the first thing that comes to mind probably isn’t e-invoices.

 

But perhaps it should be, because in order to get those hamburgers, fries, and shakes to the table, McDonald’s Germany needs a way of processing more than 270,000 invoices each year from their suppliers.

Streamlining Invoices from Nearly 30,000 Businesses

Although they have been automating invoices from their larger suppliers for a good few years, McDonald’s Germany needed a way to ensure the invoices from approximately 29,880 remaining smaller businesses’ with whom they work – including microenterprises – could be streamlined.
 
In line with the German tax simplification law (Steuervereinfachungsgesetz) and the German VAT law (Umsatzsteuergesetz), it was important for their Munich-based accounts payable team to receive invoices by email in PDF format, process that data automatically, and ensure compliance with VAT legislation. So they turned to the Basware e-invoice solution.

Saving Time Allows for Early Payment Discounts

Not only could the e-invoice solution help them process invoices in only 35% of the time it used to take, this time saving also meant that they could profit from early payment discounts more often.

“This software has surpassed our expectations” – Daniel Voigt, Senior Manager of Process Management, McDonald’s Deutschland

Spare a Thought for the AP Team

So, the next time you eat a McDonald’s hamburger, spare a thought for the accounts payable team behind the scenes that work so diligently, and now far more efficiently, thanks to the collaboration between their back-office team and Basware’s e-invoicing software.

“Basware PDF e-invoice helps us save time and money when processing invoices. I would choose Basware again.” – Daniel Voigt, Senior Manager of Process Management, McDonald’s Deutschland 

Download the full case study to find out more about:

  • How long it took to migrate large suppliers, before moving on to smaller ones

  • How it became easier to connect supppliers – thanks to the Basware Network.

  • When McDonald’s plans to roll out Basware to its franchisees.

Ready for More?

Once you’ve digested the information in this case study, you might like to check out our easily consumable ebook: How to Simplify Operations and Spend Smarter.