Firm slashes time taken, automates invoices across ten European subsidiaries
ECM Plus – Arkadin conferencing services has just tapped into Esker’s on-demand services to automate its invoicing across ten of its European subsidiaries.
According to the company, Arkadin has now managed to cuts invoice processing time from six to two days. It said it had also managed to gain in productivity and to significantly improve its Day Sales Outstanding (DSO).
Following its success in Europe, Arkadin is currently deploying the Esker solution in the United States and in Canada.
Arkadin has experienced consistent growth and, in 2007, decided to rethink its IT system, particularly its accounting tools. After putting in place a Navision solution, Arkadin wanted to automate invoice sending and free-up its subsidiaries from the demanding and time-consuming task of manual processing, while at the same time speeding up the entire invoicing process.
“With the rapid development and growth of our company, our IT strategy is to invest in solutions which enable us to streamline processes and reduce costs. Our invoicing process was a key element of this strategy. Esker immediately knew how to address our needs and deliver a pertinent solution, allowing us to reduce our invoice processing time by one third and to significantly improve our DSO” said Emmanuel de Monterno, IT Manager, Arkadin.
Ten Arkadin European subsidiaries, France, Switzerland, United Kingdom, Ireland, Germany, Belgium, Luxembourg, Netherlands, Norway and Sweden – use Esker on Demand to send over 12,000 monthly invoices totaling 40,000 pages.