EchoVera, a cloud-based and in-house invoice data capture and accounts payable solutions provider, has published a new case study featuring Beta-Calco and Cloud Infor. The modern lighting design and manufacturing firm chose EchoVera to capture invoice data and implement a complete AP automation solution.
Beta-Calco is a North American lighting manufacturer that has championed producing luminaires with a European design flare, utilizing the most recently developed light sources.
In close partnership with architects, lighting designers and engineers, Beta-Calco has established itself as one of the key suppliers of architectural and decorative commercial lighting in the markets they serve.
Prior to contacting EchoVera, Beta-Calco was dealing with manual processes. The company received vendor invoices by email, then manually matched the invoices to purchase orders and goods receipts. Resolving issues for price and delivery was also handled manually.
The company wanted to have greater transparency and cost control, reduce approval cycle times, reduce the time spent inputting invoice data manually and matching POs and goods receipts.
EchoVera’s Intelligent Invoice OCR intuitively performs header and line-item field mapping and data collection of Beta-Calco’s supplier invoices and processes them directly from email.
“Beta-Calco is using the invoice capture solution to extract the data from incoming invoices,” said Ralf Leitner, CEO of EchoVera, “and matching those vendor invoices to both purchase orders and goods receipts and automatically booking in Cloud infor.”
EchoVera’s AP automation solution has a matching engine that performs the task of matching the many lines on invoices and purchase orders and goods receipts. The matching takes place within minutes of receipt of the invoice and flags exceptions for reconcilliation.
EchoVera’s integration with Cloud Infor makes this all possible. Cloud Infor helps SMB’s and enterprise-level organizations take full advantage of the business benefits of cloud technology. Infor’s comprehensive portfolio of enterprise resource planning (ERP) solutions support specific industries, from process and discrete manufacturing to public sector, retail, and healthcare.
For more information and to see the case study visit: https://echovera.ca/ap-automation-use-case-beta-calco/
EchoVera Inc. provides Intelligent OCR, AP Automation and Purchase Automation solutions to organizations looking to reduce costs and increase the efficiency of their financial operations. EchoVera brings over 30 years experience to clients worldwide.
For more information about EchoVera: http://echovera.ca