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Challenges

Manual paper-based processes which were slow, costly, and error-prone

Difficulty keeping-up with AP processing volume

Hard to get visibility into AP activities and status updates

Paying too many late fees

Use Case

Uses Bottomline for Invoice Automation

How they pay their vendors: ACH, card, wire, and check

Results

Recology rated the overall value of Bottomline capabilities as superior than other AP automation solutions they have used or evaluated.

BT data representation 20 AP Operations Improvements

  • Digitized previously manual paper-based processes
  • Improved AP efficiency (i.e. reduce processing time, cost, and errors)
  • Scaled AP throughput to meet invoice and/or payments volume
  • Reduce late payment fees
  • Earns cash-back rebates on AP spend

BT process & representation 128 AP Performance Improvements

  • >50% faster AP processing time
  • >50% lower AP processing cost
  • >50% fewer AP processing errors
  • >50% less invoice exceptions
  • >75% increase in invoices linked to a PO
  • >75% improvement in straight-through touchless processing
  • >50% quicker approval times
  • >25% fewer late payments

BT documentation & messaging 60 Delivered Value Promised

  • Ramp up was quicker than expected
  • Improves the relationships we have with our vendors
  • Seamlessly integrates with our ERP and banks
  • Improves straight-through processing
  • Makes it easy to get status updates and rollup of AP spend
  • Improves AP reporting, budgeting, and forecasting
  • Improves ability to track key AP performance metrics

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