Quadient Partners with Lush UK to Enhance Financial Operations
Quadient (Euronext Paris: QDT), an esteemed global platform specializing in automation for secure and sustainable business interactions, has revealed its collaboration with Lush UK.
This partnership aims to implement Quadient’s Accounts Payable (AP) automation software, purposed to modernize and streamline the company’s financial processes.
Headquartered in Poole, Lush processes an extensive volume of supplier invoices each month. The integration of Quadient’s AP automation software, alongside the standardization of its Xero platform, has considerably simplified the invoice workflow, bolstering control mechanisms while paving the way for scalable financial operations.
Quadient AP, now integrated with Xero, amalgamates multiple legacy systems into a single platform, facilitating invoice capture, validation, approval, and posting.
Its features encompass Purchase Order (PO) matching, customized workflows, and automated data extraction, thereby enabling expedited and secure processing.
Before the implementation of Quadient AP, Lush navigated a convoluted array of invoice processing and approval systems across its UK branches.
This necessitated continual transitions between platforms and manual entry of invoices into accounting systems post-approval, engendering inefficiencies and prolonging turnaround times.
Currently, with the deployment of Quadient AP, Lush is adeptly processing over 4,000 invoices monthly, decreasing the time required for non-purchase-order invoices from 10 minutes to just 4. Furthermore, Purchase Order invoice processing takes a mere 2 to 3 minutes thanks to automated approvals.
“We required a scalable and dependable solution for our intricate accounts payable needs. Quadient’s seamless integration with Xero has augmented our workflows and efficiency, consolidating various systems and equipping us for future growth,” articulated Mike West, Finance Director at Lush.
The implementation of this solution additionally addresses Lush’s imperative to oversee Goods Received Not Invoiced (GRNI) reporting, which monitors deliveries yet to be invoiced, while reinforcing governance within its financial operations.
By automated capture and approvals within a unified platform, finance teams can track invoices more effectively, minimizing the manual effort involved.
“As organizations evolve their financial operations, automation and system integration become indispensable for enhancing efficiency, control, and scalability,” remarked Stephanie Auchabie, Senior Vice President, Digital Sales, Partners, and Customer Success for Europe at Quadient.
The seamless integration of Quadient AP with Xero empowers finance teams to transition from fragmented, manual practices to a more intelligent, automated workflow.
We are thrilled to support Lush as they standardize their financial systems and adopt a streamlined, data-driven strategy for managing supplier transactions.
Quadient’s AP automation transforms invoice processing from capture to payment, effectively reducing costs, enhancing accuracy, and expediting approvals while ensuring robust controls.
Quadient engineers human-centered, AI-driven automation solutions for business communications. The company’s software empowers over 350,000 customers to create, deliver, and manage superior communications swiftly and effortlessly.
From financial automation to mail and parcel management, Quadient enhances operational efficiency by minimizing friction and waste, allowing customers to refocus on growth and fostering customer relations. Quadient is publicly traded on Euronext Paris (QDT) and is included in the CAC® Mid & Small and CAC Technology indices.
Source link: Finance.yahoo.com.
