Giesecke & Devrient GmbH
“From ‘master of disaster’ to ‘invoice master’”: Giesecke & Devrient reduces discount losses by 90 percent with OpenText
Bank note and security specialist overcomes increasing volumes of supplier invoices efficiently and cost-effectively.
Since the digitalization of invoice processing with OpenText, we have been able to process almost three times as many received invoices with fewer staff. All in all, the processing cost per supplier invoice has decreased by 50 percent.
Challenge
- Growing volume of invoices due to increased outsourcing
- Document turnaround periods were lengthening despite increasing numbers of staff
- Process costs and discount losses continually increased
Product(s)
Value
- Automation of incoming invoice processing reduces processing costs by 50 percent
- Digitalization streamlines the overall process and reduces discount losses by 90 percent
- Standard solution saves in translation and adjustment costs for international rollout
About Giesecke & Devrient GmbH
Giesecke & Devrient develops, produces, and markets products and solutions for payment, secure communication, and identity management. G&D maintains a leading competitive and technological position in these markets. The group’s clients most notably include central banks and commercial banks, wireless communications providers, businesses, governments, and public bodies. For more information, visit www.gi-de.com