ASX-listed mining engineering services business drove 50% more productivity with SpendConsole’s AI-Powered AP Automation Platform and SAP S4 Hana ERP
The client significantly transformed their invoice processing system, reducing cycle times from over two weeks to just a few hours. This allowed us to decommission legacy systems like Kofax and Process Director. The integration with SAP Business Network proved effective, ensuring a smooth experience for suppliers and modernizing our financial operations.
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Client profile
Operating across over 25 locations in Australia and South-East Asia
Our client is an ASX-listed company that offers complete mining and engineering services for surface and underground mining operations. These range from mine development to materials delivery. Our client provides these services throughout Australia and South-East Asia in over 25 locations.
Business challenges
Our client regularly processes a high volume of large and complex invoices from a diverse range of suppliers – both domestic and international, large and small.
Managing 3000 active suppliers and spending close to $1 billion annually on goods and services means there is extensive complexity primed with challenges. The Accounts Payable teams’ core objective was to develop and maintain stronger relationships with their business counterparts and suppliers. In particular, all supplier payments required accurate allocation of costs against eight corporate entities, various work sites, and a large number of projects.
Solutions and results
SpendConsole platform addressed major challenges through its comprehensive Artificial Intelligence and automation capability. SpendConsole streamlined and automated the end-to-end supplier invoice to payment processes, including accurately interpreting and validating invoices across our client’s global operations.
SpendConsole seamlessly integrated with SAP S/4 HANA to enable a highly effective validation process to ensure invoice accuracy, matching these directly against corresponding entities, charts of accounts, projects, purchase orders, and receipts. Easy-to-administer compliance and automation rules were established to automatically process that matched the criteria, whereas others were assigned to the correct stakeholder for action.
Together, this helped reduce the supplier invoice processing workflow from 2 weeks for approval to a matter of hours.
Our client deployed its enterprise AP Automation Platform to over 25 sites and corporate offices in under 18 weeks.
Why SpendConsole?
Our client selected SpendConsole as a best-in-class AP Automation Platform provider with native integration to S/4 HANA Public Cloud. The key reasons behind our client’s selection of the SpendConsole Platform included the following:
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An Australian-based technology provider with a highly collaborative team who were flexible to meet our client’s business requirements
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The Intuitive user experience within the SpendConsole platform – making it easy to use for suppliers and business stakeholders alike
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The capability of SpendConsole’s AI, developed over the past three years, to enable significant invoice processing and compliance efficiencies.
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The seamless integration with S/4 HANA Public Cloud.
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The flexible deployment approach allowed our client to roll out the technology to their international business.
What our client
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