SUCCESS STORIE III
Schneider Electric Embraces Digital Transformation in its Invoice Reception Process
Schneider Electric is a global company specializing in energy management, with a presence in over 100 countries. While their primary focus is digital transformation, their Colombian subsidiary faced a significant challenge in 2021.
The company faced a daily challenge of receiving a high volume of invoices from its suppliers. It was identified that 70% of these invoices did not comply with the necessary rules for validation, resulting in a significant workload for employees. This situation led to constant dissatisfaction among suppliers experiencing payment delays, contributing to decentralization, and a lack of traceability in the invoicing process.
Schneider Electric Increases the Automation of the Invoice Reception Process by 90%
Schneider Electric decides to implement two solutions:
- Chooses Invoway as the supplier management portal, enabling suppliers to check the status of their invoices.
- Utilizes an information reconciliation tool.
To integrate this new system with SAP, Schneider’s ERP system, it relies on a connector developed by Brait. This connector allows Schneider Electric to monitor everything exchanged with the supplier portal in a centralized manner and through a single transaction
