Tokmanni Moves AP Processes To The Cloud At Super(Market) Speed
Tokmanni Moves AP Processes To The Cloud At Super(Market) Speed
3 PagesCASE STUDY: Tokmanni Group FINNISH DISCOUNT RETAILER, TOKMANNI, HAS SEEN RAPID GROWTH IN RECENT YEARS AND IN 2008 DECIDED TO CENTRALIZE ITS LOGISTIC OPERATIONS IN MÄNTSÄLÄ, FINLAND. THE GROWING COMPANY WANTED TO CONTINUE IMPROVING ITS OPERATIONAL EFFICIENCY AND TO START USING AUTOMATION IN THEIR ACCOUNTS PAYABLE (AP) DEPARTMENT. The number of invoices at Tokmanni has been growing rapidly; with the company today processing approximately 500,000 invoices a year, including at least 450,000 direct purchase orders (POs). Tokmanni's purchase orders are housed in their ERP system, and almost 70% of the invoices are matched to POs. E-invoicing, as such, is nothing new for Tokmanni. The company receives 95% of its invoices electronically. In the past, Tokmanni has used Rondo and,
