Automating Accounts Payable processing

The first idea that master mechanic Fürst thought of was a digital archive. The reason was the mountains of paperwork that not only had to be processed, but also stored for 10 years. On good days, 300 invoices from suppliers piled up in the mesh boxes of the accounting department. On very good days there are 500 invoices. This paper-based accounts payable processing results is 13 shelf feet full of standard file folders, around 50 per month!

At this early stage, Fürst did not have digitization of AP processing in mind. After he presented the compnay'e mesh inboxes full of invoices - with some numbering more than 350 pages - to a JobRouter partner, it became clear that while a document archive system would create space, automating invoice processing had to be first on the list.

The manual verification of incoming invoices alone employs several full-time employees and slows down throughput times. In the highly competitive online business, this is a critical factor that can affect customer reviews. In the end, Fürst decides to create automated, secure and significantly faster processes including a digital archive solution and greenlights the JobRouter® digital process automation platform.

Managing Director Fürst expectations of the JobRouter® digital process automation platform have been fully satisfied. The highlight for Fürst is how data can be read from the most diverse documents and made usable. Time spent poring over folders is over. Questions about the state of an order or a shipment can be resolved at the touch of a button. "Employees at all locations are now tackling important tasks in a more targeted and timely manner and they are much more productive," said a delighted Fürst. The integrated escalation level management in JobRouter helps managers to keep track of what has to be done, by whom, and by what deadline. If a task was not processed as planned, the supervisor automatically receives a message and can instruct the team.

For strategist like Fürst, the purchase of the JobRouter® digital process automation platform was a clear ROI calculation exercise. "I compared the purchasing costs with the personnel costs for additional employees. The results show that JobRouter® pays for itself in two years."

The amount of time saved on AP processing - depending on the season - is already between 60 and 80 percent. And this is a good thing, because the 30 person team at the company’s headquarter in Rendsburg has to manage rapid growth. From there start selling on eBay to their own ecommerce store, GoodTires.de has enjoyed a great ride. The online retailer's was named ‘first’ in price category two times in a row in the past two years by consumer rating organization, Testsieger. There is still room to improve for entrepreneurs like Andreas Fürst, who want to to turn market opportunities - and the best available technology - into business success.