Invoice automation has become a hot topic amongst finance circles. A significant shift is beginning to shake the traditional corporate invoice and payment management paradigm. Innovative organizations are seeing tremendous potential around invoice automation – not just cost containment and productivity enhancement, but also spend management and working capital improvements.
Southwest Airlines had a long-running legacy process to handle their invoices. Their mainframe, which inconveniently consisted of several departments, dated back to 1986 and was to blame for their 14-day invoice processing system.
As the world’s leading soft drink company with 92,800 employees and a presence in 200 nations, Coca-Cola has a lot to monitor. Company card programs are certainly no exception.
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