Invoice Processing Goes Hi-Tech
Our work with one of our customers, Perishable Distributors of Iowa, Ltd. (PDI), recently made news on Food Manufacturing's website.
As one of the nation's largest food distribution companies, PDI faced many workflow challenges. Several of these were related to the high volume of paper representing more than 3,500 invoices processed each month.
One of the Metafile team's first steps was to evaluate PDI's accounts payable (AP) process. Our analysis revealed that each invoice was touched between 34 and 42 times during processing. The sheer number of invoices, coupled with the complicated processing, resulted in numerous logistical, organizational and financial challenges.
After implementing our MetaViewer solution, PDI was able to not only eliminate paper but also optimize its AP workflow to ensure that tasks and responsibilities were clearly defined and assigned across the team. PDI employees were able to spend less time on process and more time adding value to PDI's buisness.
In less than one year, PDI realized ROI and decreased annual processing costs from $135,000 per year to $80,000. Read PDI's full success story as it appears on FoodManufacturing.com.
