Sydney, Australia — April 7, 2015 — Esker, a worldwide leader in document process automation solutions and pioneer in cloud computing, today announced it has been selected by Cosucra, a Belgian producer of food ingredients, to automate its vendor invoice process. Esker’s Accounts Payable (AP) solution will integrate with Cosucra’s SAP® system and enable the company to reduce invoice data entry time, automate the approval process and progressively eliminate paper thanks to electronic archiving.
Cosucra wanted to optimise the processing of its 15,000 annual AP invoices. Above all, the company was looking for an easy-to-use solution that could not only be implemented quickly, but had the capability to interface with its new SAP system and evolve to integrate additional workflows.
“We selected Esker for numerous reasons, including its SAP expertise and its ability to offer an archiving solution in line with the Belgian tax legislation,” said Fabien Caré, Supply Chain and ITC Manager at Cosucra. “We were also very interested in Esker’s accurate and intelligent data capture and recognition technology and the ability to read different invoice formats without the need for a specific template — all of which allows us to significantly reduce our teams’ manual invoice tasks.”
From 100% Manual to 100% Automatic
Until now, all of Cosucra’s AP invoices were processed manually into SAP. Data was manually verified and then the original paper invoice was sent for approval before being archived locally. Esker enables Cosucra to automate all manual processes — from invoice data approval to electronic archiving.
“Prior to automation, receiving and entering AP invoices was very time-consuming and resulted in large amounts of paper circulating internally,” said Caré. “Managing all of it manually was extremely tedious for our accounting teams.”
Benefits Achieved: 30% Time Savings
- Reduced processing time and input errors thanks to automatic invoice data entry and reconciliation with existing purchase orders (60% of invoices)
- Accelerated invoice approval time via automatic and electronic workflow
- Reduced manual handling and paper consumption
- Simple and fast invoice access and tracking through electronic archiving
- Improved visibility of company cash at any time thanks to Esker’s management tools
“This project with Cosucra strengthens our presence in Belgium and reinforces our position as an expert in document process automation in an SAP environment,” said Adelin Odent, Territory Manager at Esker Benelux.
“As Cosucra improves its customers’ well-being by providing them with healthy products, Esker’s automation solution makes Cosucra’s Accounts Payable processes healthier. Thanks to a great visibility of all invoices at any time and features like dashboards, users can easily monitor the performance and ‘fitness’ of their processes,” says Christophe DuMonet, Managing Director of Esker Australia.
Cosucra has produced natural ingredients since 1852. The company is not only a supplier of ingredients, but also collaborates with its customers to provide them with market expertise, conducts clinical studies and shares regulatory experience to help improve their existing products or to develop new ones. Cosucra’s partnership with over 400 food producers represents over 1,000 product references worldwide and demonstrates that Cosucra actively works alongside its customers from concept development to product launch… cultivating nature to improve health. Cosucra’s product lines include: Fibruline®, Fibrulose®, Pisane®, Swelite®, Exafine® and Nastar®.