TRS is a leading provider of refrigeration and support services to the cold transport industry in Australia. With over 40 years of experience, TRS has provided the products and services needed to help customers run their businesses efficiently and profitably, from fresh food, healthcare products, to flowers and plants.
TRS Challenges in Invoice Processing
TRS, one of Australia’s leading refrigeration service providers, is always looking for ways to optimize its business processes. With an extensive branch network and high volume of invoices, managing and processing invoices has become a major challenge for the company. Previously, invoice processing process of TRS is mainly based on handmade, leading to many errors, delays and costly human resourcesTo address these issues, TRS decided to implement an invoice processing automation solution.
With about 750 invoices to process per month, the company required a secure, robust, cloud-based solution that could flexibly integrate with their MYOB Advanced ERP system across multiple locations.
Automated accounts payable (AP) invoice processing solution has helped TRS minimize errors in the AP process and Streamline the payment process nationwide
Result
Implementing an invoice automation solution has brought significant efficiency to TRS’ AP process. Thanks to an intuitive and easy-to-use interface, employees can quickly get up and running with data entry, approval, and invoice tracking.
The ability to easily retrieve historical data makes it possible to Checking and comparing information becomes simpler. In particular, the accuracy of the data has been significantly improved, minimize errors such as incorrect account information or missing invoices.
As a result, the payment process is faster and more accurate, helping to save time and resources for businesses. Mr. Wilton, representative of TRS, shared:
“This solution is really an important contribution to help us optimize our workflow and improve operational efficiency.”
The company has significantly reduced errors, thereby improving data accuracy and reducing processing times.
Specifically, The error rate in invoice processing has decreased from 5% to 0%At the same time, the workload of related departments is also significantly reduced.
“Previously, processing invoices at branches was a complex and time-consuming process. However, with the new solution, we have Reduces over 80% of manual work at service offices and more 90% Cost reconciliation and management work shipping in the purchasing department.”
Solution Bizzi's Automatic Invoice Processing in Vietnam
In Vietnam, businesses are also facing similar challenges when it comes to processing large volumes of invoices and requiring high accuracy. Bizzi, with its Automated Invoice Processing Solution, is a great option for Vietnamese companies looking to optimize their financial processes.
Benefits of Bizzi Solution:
- Easy integration with ERP systems: Bizzi's solution has the ability to flexibly integrate with existing ERP systems, helping businesses save time and effort in implementation.
- Manage the entire process on a single platform: Bizzi provides a single platform that helps businesses manage the entire invoice processing process from receiving, checking validity to reconciling with purchase orders and warehouse receipts.
- Automate invoice validity checks with bots: Bizzi's bot technology automatically checks and reconciles 100% invoices, helping accountants authenticate invoices quickly and accurately, minimizing errors and risks.
- Smart 3D Auto Matching: This solution supports automatic three-way reconciliation between Invoice – Purchase Order – Warehouse Receipt, helping to quickly detect discrepancies and improve data accuracy.
Many large and medium-sized companies in Vietnam have trusted Bizzi's automated invoice processing solution, including names such as Guardian, GS25, Circle K, Wincommerce, Sotrans, Phu Quoc Express, Transworld GLS and many others. The solution helps companies reduce costs, optimize processes and improve financial management efficiency.
If your business is also looking for an effective solution to optimize invoice processing and minimize financial risks, try Bizzi's automated invoice processing solution to experience the outstanding benefits this system brings!
Contact us today to start your trial and improve your business's invoice processing!
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