May 23, 2016
Natural Resources Canada (NRCan), the Canadian government agency responsible for natural resources, manages hundreds of vendor relationships, processing 90,000 supplier invoices amounting to over $700 million Canadian annually.
Until recently, those invoices were handled manually via the agency’s SAP/R3 accounting system, resulting in accounting staff spending a disproportionate amount of time on manual data entry, filing, tracking down errant invoices and dealing with exceptions—rather than on value-added accounting functions.
By implementing docAlpha to integrate with SAP/R3, NRCan radically streamlined the document verification process to accurately capture accounting and financial data from scanned paper and digital purchasing documents.
As part of an end-to-end invoice processing solution, docAlpha significantly reduced the time required for invoice processing by automatically handling complex business rules and applying them to invoice matching and approval routing with minimal human intervention and maximum control and visibility.
As a result, RCan reduced invoice cycle times by 75%, enabling AP clerks to process invoices within payment terms and opening the opportunity to negotiate more favorable terms.
To learn more about how NRCan leverages docAlpha to power process improvement, view the full case study.