CASE STUDY: LUZERNER KANTONALBANK FOUNDED IN 1850, LUZERNER KANTONALBANK AG (LUKB) WITH ITS TEAM OF AROUND 1,000 EMPLOYEES IS THE LEADING BANK IN THE SWISS CANTON OF LUCERNE. IT OPERATES 26 BRANCHES, MAKING IT ONE OF SWITZERLAND’S LARGEST CANTONAL BANKS – STANDARD & POOR’S GIVES IT A HEALTHY RATING OF AA. The leading bank in Lucerne has more to offer, however, than just the figures it presents to the outside world. Its in-house financial processes are also impressive. On average, LUKB takes just one day to process an invoice – from receipt to payment – although some involve multiple approval loops. This is due to Swiss system integrator Tessi Solutions and Basware AP Automation software. With 25,000 invoices requiring processing each year, the benefits can be quantified

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