Headquartered in Memphis, TN, Evergreen is the largest supplier of gable top carton solutions in North America, and one of the largest in the world. Evergreen processes approximately 40,000 purchase order related invoices each month for its North American Facilities.
Invoices processed each month include:
25% GR/IV based invoices
25% GR based invoices (without IV match)
35% Service based invoices
15% Automatically processed (Idoc; inter-company automated)
Reduce AP FTE head count by reducing invoice processing time.
Improve visibility and understand liability exposure for in-process (not posted) invoices.
Reduce occurrences late payments.
Leverage cash discounts.
Eliminates data entry error.
Provide reports to aid month end closing.
Key Business Benefits:
- Achieved invoice automation by 55-65% touch-less processing
- Reduced workload for AP Processors and reduced FTE head count by 2.5.
- Discounts taken increased to 80%