Consolidate Documents Electronically

Client Background:

Philips Electronics is one of the World’s biggest and Europe’s largest electronics companies. With 165,300 employees working in over 60 countries Philips earns more than $30B USD/annum in revenue.

Business Challenges:

Business Solution:

  • Through the introduction of an Automated Accounts Receivable Solution, Philips gained the ability to consolidate and index all documents matched to a given order number.
  • Invoices with customer signatures were now linked to each order.

Business Solution:

  • Reduced Collections Cycles.
  • Improved Financial Management.
  • Labour Savings.
  • Improved Customer Relations.