Paddy Power, a publicly quoted betting company with more than €275 million in revenue, processes all of its purchase invoices for the group through the Accounts Payable function at head office in Dublin. Paper processing was intensive as all invoices including those for the 250 retail outlets had to be registered, approved and paid manually. This reliance on paper handling and manual processing was identified as inefficient and an escalating cost as the group continued to grow.
Glantus stepped in to fully automate this expensive, labour-intensive process. Whereas before invoices were photocopied, posted and even couriered to approvers, our Flow product removed the paper invoice copy at the point of entry and thereafter eliminated paper from the approval and payment process. The status of any invoice is now available to all accounts payable staff and invoice data from Flow is used to update the status in the financial system.