Don’t Depend on Your ERP System to Prevent Duplicate Payments
Jun 15 2020
London Metal Exchange
The London Metal Exchange (LME) is the world centre for industrial metals trading and price-risk management. Processing over 30,000 purchase invoices annually, the LME had a significant growth forecast, and with limited resources available within accounts department to facilitate this anticipated growth, needed a solution that would offer greater capacity around their Purchase to Payment process.
Glantus was able to completely automate the purchase-to-payment lifecycle: from the moment a purchase order is requested, to placing it in an electronic approval process, and if it’s approved, being sent to the supplier in a digital format. From here, the system can automatically receive, read, match and file each supplier invoice, removing all manual processing and significantly reducing time and costs associated with the entire procurement process.