In the highly competitive global fashion industry, optimizing operational processes is key for businesses to maintain their leading position. Karl Lagerfeld, a famous luxury fashion brand, has successfully automated its financial processes, increasing productivity, minimizing risks, and creating a solid foundation for sustainable growth. This transformation journey not only improved internal efficiency but also opened up opportunities for the brand to continue expanding its scale in the international market.
Index
ToggleKarl Lagerfeld is a luxury fashion brand with a classic Parisian feel and a modern twist. Founded by the legendary designer of the same name, the brand offers a wide range of products from men’s, women’s and children’s fashion to accessories, eyewear, fragrances and footwear. With over 200 stores worldwide and a strong digital presence in Europe, the Middle East and Asia, Karl Lagerfeld has become a global icon in the fashion industry.
By 2020, the luxury fashion brand was facing major challenges in its financial management process as it processed over $100 million in invoices each year from thousands of suppliers. The manual process posed several limitations:
According to Ms. Eva Miguel Banos, CFO, traditional management systems cannot meet the growing growth rate and scale of businesses, leading to many serious risks.
To address these challenges, Karl Lagerfeld implemented a modern financial automation solution that seamlessly integrated with the company’s Infor M3 ERP system. In just seven weeks of implementation, the new process has brought about many positive changes:
Automating financial processes has brought significant benefits to Karl Lagerfeld:
Automated finance systems are key to Karl Lagerfeld’s ability to manage operations effectively on a global scale, from Europe to Asia. This not only enhances transparency and ensures regulatory compliance, but also lays the foundation for sustainable growth in the fiercely competitive fashion market. This is a testament to the role of technology in supporting businesses to achieve superior performance and create long-term competitive advantages.
Managing e-invoices has never been easier with Bizzi Bot – a smart digital assistant, applying advanced RPA and AI technology. With the ability to process invoices in a snap, Bizzi Bot not only increases efficiency but also minimizes errors and optimizes costs, becoming an indispensable solution for more than 1,000 businesses in Vietnam.
Bizzi Bot is integrated with RPA (Robotic Process Automation) combined with artificial intelligence AI, providing:
Just 3 simple steps
Benefits of Bizzi invoice processing:
Increasing productivity
Invoice processing time is significantly shortened, only 30 seconds/invoice.
Spend more time on strategic tasks instead of manual processing.
Reduce errors and lost invoices
Completely eliminate the worry of incorrect data entry or lost invoices.
Bizzi centrally and scientifically manages all invoices, from paper to electronic, in one place.
Cost savings
Services are customized to the size of your business, to suit every need.
Each bill costs only as much as a glass of iced tea, but offers outstanding value.
GS25, PNJ, Grab, and Phu My Hung are pioneering businesses applying Bizzi Bot to improve financial management efficiency. From minimizing errors to optimizing processes, Bizzi has become a trusted assistant in the digital transformation journey of businesses.
Discover Bizzi invoice processing today to automate your invoice management process and increase efficiency for your business!
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“Financial automation is a step that completely changes the way we manage and operate,” said Eva Miguel Banos.
Karl Lagerfeld’s story is a clear testament to the power of technology to increase efficiency, reduce risk and drive sustainable business growth in an increasingly competitive business environment. Automation solutions are no longer just operational support but have become a strategic foundation for global expansion.
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