Case Study: Siemens Supplier E-Invoicing
How Did Siemens Transform Its Accounts Payable Processing?
Responsible for servicing over 60,000 suppliers, processing over 2.4 million invoices per year and dealing with nearly 20,000 supplier inquiries every month, the global provider of energy-efficient technologies couldn’t keep up with the pace of incoming invoices and inquiries.
Since the volume of invoices (and associated call center costs) showed no signs of decreasing, Siemens needed a vendor that could provide a web-based, self-service solution and AP platform capable of improving efficiency and reducing operational fees.
Fill out the form below to learn more about how Siemens quickly achieved vendor adoption, over 90 percent supplier e-invoice submission and a 40 percent supplier inquiry reduction, moving from a manual paper based process to a touchless digital environment.