When you’re one of the premier global manufacturers of goods key to the automotive industry, the last thing you need in your way is a speed bump. For Eberspächer, their invoice processing system was turning into sand in the engine.
The existing system of semi-automatic scanning made global reconciliations tough, and suppliers weren’t participating at a viable rate. So Eberspächer decided to search for a new solution, with key requirements being global compliance, supplier adoption, less manual work, and ease of use for partners.
That search led them to Tradeshift. Without giving away the story (available in full at the bottom of the post), the transition worked out well according to Dr. Oliver Frille, Vice President of Procurement & Supply Chain management for Climate Controls Division within the Eberspächer Group.
“We chose Tradeshift’s open B2B platform as they met our requirements in full—it’s free for our suppliers and is already prepared for, and tailored to, the legal regulations of most countries,” said Frille. “In addition, Tradeshift allows us to be flexible. With their extensible platform, we can easily extend our business applications to best suit our requirements and business.”
After a pilot, including 700 top and select partners, Eberspächer is enjoying automatic onboarding and validation rules that ensure invoices are within policy. At the same time, manual processes in financial accounting have been reduced, leading to shorter lead times and a significant reduction of discount losses.
The story is rich in details and tips for other companies considering a similar journey. If you’re considering an AP transformation project, simply fill out the form below to see how Eberspächer tackled their project and how the results stack up.
About the AuthorFollow on Linkedin More Content by Tradeshift Editorial Team