{"id":999970534,"date":"2024-12-30T17:52:24","date_gmt":"2024-12-30T10:52:24","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999970534"},"modified":"2026-06-03T23:40:15","modified_gmt":"2026-06-03T16:40:15","slug":"karl-lagerfeld-automates-financial-processes","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/","title":{"rendered":"How Karl Lagerfeld Automated Finance Processes: The Key to a Successful Transformation"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"999970534\" class=\"elementor elementor-999970534\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-588abd9c e-flex e-con-boxed e-con e-parent\" data-id=\"588abd9c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4a6fa691 elementor-widget elementor-widget-text-editor\" data-id=\"4a6fa691\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">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.<\/span><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#1_Gioi_thieu_ve_Karl_Lagerfeld\" >1. Introduction to Karl Lagerfeld<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#2_Thach_thuc_trong_quan_ly_tai_chinh\" >2. Challenges in financial management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#3_Giai_phap_tu_dong_hoa_quy_trinh_tai_chinh\" >3. Financial process automation solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#4_Ket_qua_dat_duoc\" >4. Results achieved<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#5_Bai_hoc_quan_ly_chi_phi_cho_doanh_nghiep_Viet_Nam\" >5. Cost management lessons for Vietnamese businesses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/karl-lagerfeld-automates-financial-processes\/#6_Ket_luan\" >6. Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"1_Gioi_thieu_ve_Karl_Lagerfeld\"><\/span>1. Introduction to Karl Lagerfeld<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">Karl 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\u2019s, women\u2019s and children\u2019s 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.<\/span><\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-999970536 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/karl-lagerfeld-store-new-york-948.jpg\" alt=\"karl-lagerfeld-store-new-york-948\" width=\"947\" height=\"450\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/karl-lagerfeld-store-new-york-948.jpg 947w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/karl-lagerfeld-store-new-york-948-300x143.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/karl-lagerfeld-store-new-york-948-768x365.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2024\/12\/karl-lagerfeld-store-new-york-948-18x9.jpg 18w\" sizes=\"(max-width: 947px) 100vw, 947px\" \/><\/p><h2><span class=\"ez-toc-section\" id=\"2_Thach_thuc_trong_quan_ly_tai_chinh\"><\/span>2. Challenges in financial management<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">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:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Manual entry and approval:<\/b><span style=\"font-weight: 400;\"> Invoices go through multiple levels of approval, which is time-consuming and error-prone.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lack of tracking capabilities:<\/b><span style=\"font-weight: 400;\"> Invoices are prone to loss, slow processing, or errors.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increased complexity when expanding:<\/b><span style=\"font-weight: 400;\"> Expanding operations across Europe increases pressure to comply with financial and tax regulations.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">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.<\/span><\/p><h2><span class=\"ez-toc-section\" id=\"3_Giai_phap_tu_dong_hoa_quy_trinh_tai_chinh\"><\/span>3. Financial process automation solution<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">To address these challenges, Karl Lagerfeld implemented a modern financial automation solution that seamlessly integrated with the company\u2019s Infor M3 ERP system. In just seven weeks of implementation, the new process has brought about many positive changes:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Automatic invoice matching:<\/b><span style=\"font-weight: 400;\"> Three-way check function compares invoices, purchase orders and delivery notes, reducing errors and increasing accuracy.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Digital storage:<\/b><span style=\"font-weight: 400;\"> Invoices are stored in the cloud, easy to access and check.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Multi-currency handling:<\/b><span style=\"font-weight: 400;\"> Support complex international transaction requirements, suitable for global brand operations.<\/span><\/li><\/ul><h2><span class=\"ez-toc-section\" id=\"4_Ket_qua_dat_duoc\"><\/span>4. Results achieved<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">Automating financial processes has brought significant benefits to Karl Lagerfeld:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase work efficiency:<\/b><span style=\"font-weight: 400;\"> Employees save time by quickly searching and tracking invoices.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduce the risk of fraud:<\/b><span style=\"font-weight: 400;\"> The system automatically detects abnormalities such as changes to supplier bank account information.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Enhance compliance:<\/b><span style=\"font-weight: 400;\"> Automation helps departments comply with internal regulations, ensuring transparency and consistency.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Simple integration:<\/b><span style=\"font-weight: 400;\"> The deployment process does not require much intervention from the IT team, saving costs and time.<\/span><\/li><\/ul><h2><span class=\"ez-toc-section\" id=\"5_Bai_hoc_quan_ly_chi_phi_cho_doanh_nghiep_Viet_Nam\"><\/span>5. Cost management lessons for Vietnamese businesses<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">Automated finance systems are key to Karl Lagerfeld\u2019s 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.<\/span><\/p><p><span style=\"font-weight: 400;\">Managing e-invoices has never been easier with Bizzi Bot \u2013 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.<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-999964332 size-large\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-1024x838.png\" alt=\"\" width=\"1024\" height=\"838\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-1024x838.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-300x246.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-768x629.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-1536x1258.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA-15x12.png 15w, https:\/\/bizzi.vn\/wp-content\/uploads\/2023\/09\/IPA.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p><p><span style=\"font-weight: 400;\">Bizzi Bot is integrated with RPA (Robotic Process Automation) combined with artificial intelligence AI, providing:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accuracy up to 99%, eliminating errors due to manual input.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Operates 24\/7, ensuring no invoices are missed at any time.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Save up to 2,000 hours per year, allowing businesses to focus on higher value activities.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Just 3 simple steps<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create a free email to receive electronic invoices: Bizzi sets up a private email address for your business to receive invoices from suppliers.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically download and check invoices: Bizzi Bot automatically downloads, checks validity, and reconciles invoice information.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Browse and export data: You just need to browse invoices and export data as needed to synchronize with the accounting system.<\/span><\/li><\/ul><p><strong>Benefits of Bizzi invoice processing:<\/strong><\/p><p><strong>Increasing productivity<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Invoice processing time is significantly shortened, only 30 seconds\/invoice.<\/span><\/p><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Spend more time on strategic tasks instead of manual processing.<\/span><\/p><\/li><\/ul><p><strong>Reduce errors and lost invoices<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Completely eliminate the worry of incorrect data entry or lost invoices.<\/span><\/p><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Bizzi centrally and scientifically manages all invoices, from paper to electronic, in one place.<\/span><\/p><\/li><\/ul><p><strong>Cost savings<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Services are customized to the size of your business, to suit every need.<\/span><\/p><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><p><span style=\"font-weight: 400;\">Each bill costs only as much as a glass of iced tea, but offers outstanding value.<\/span><\/p><\/li><\/ul><p><span style=\"font-weight: 400;\">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.<\/span><\/p><p><span style=\"font-weight: 400;\">Discover <a href=\"https:\/\/bizzi.vn\/xu-ly-hoa-don\/\">Bizzi invoice processing<\/a> today to automate your invoice management process and increase efficiency for your business!<\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">\ud83d\udc49 Access now:<\/span><a href=\"https:\/\/bizzi.vn\/xu-ly-hoa-don\/\"> <span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/xu-ly-hoa-don\/<\/span><\/a><\/p><h2><span class=\"ez-toc-section\" id=\"6_Ket_luan\"><\/span>6. Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2><p><span style=\"font-weight: 400;\">\u201cFinancial automation is a step that completely changes the way we manage and operate,\u201d said Eva Miguel Banos.<\/span><\/p><p><span style=\"font-weight: 400;\">Karl Lagerfeld\u2019s 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.<\/span><\/p><p>Follow Bizzi to quickly receive the latest information:<\/p><ul><li aria-level=\"1\">Facebook:<a href=\"https:\/\/www.facebook.com\/bizzivietnam\" target=\"_blank\" rel=\"noopener nofollow\">\u00a0https:\/\/www.facebook.com\/bizzivietnam<\/a><\/li><li aria-level=\"1\">Linkedin:\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/bizzi-vietnam\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/www.linkedin.com\/company\/bizzi-vietnam<\/a><\/li><li aria-level=\"1\">Youtube:\u00a0<a href=\"https:\/\/www.youtube.com\/@bizzivietnam\" target=\"_blank\" rel=\"nnoopener noopener nofollow\">https:\/\/www.youtube.com\/@bizzivietnam<\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>In the highly competitive global fashion industry, optimizing operational processes is key to\u2026<\/p>","protected":false},"author":37,"featured_media":999970536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-999970534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tin-tuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999970534"}],"version-history":[{"count":1,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970534\/revisions"}],"predecessor-version":[{"id":999980993,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999970534\/revisions\/999980993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999970536"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999970534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999970534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999970534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}