LXR Accounts Payable Automation Snapshot

"By turning to ASPEN 360, we realized that we would gain more control over our entire accounts payable process. In addition, we would be able to transition invoice imaging from the back end to the front end, which eliminated weeks out of the review and approval of invoices."

Vice President of Financial Services, LXR

Challenges

Solution

Benefits

	It was taking two to three weeks to have the invoice information entered into Epicor.
	Lack of visibility over the status of individual invoices.
	Month-end accrual reporting difficult to complete.

	Selected ASPEN 360 Accounts Payable Edition to gain more control over their entire accounts payable process.
	Transitioned invoice imaging from the back end to the front end.
	Eliminated weeks out of the review and approval of invoices.

	Reduced the cost per invoice by over 55%.
	The change to ASPEN 360 from their prior invoice processing flow was a big improvement for their property users.
	Significantly improved their controls over invoices and reduced the amount of time required to get invoices ready for payment.