Marc Jacobs Automate their AP in 3 Weeks with ROI in Under 12 Months
The fashion industry is fast-moving and businesses need to be agile to compete. Marc Jacobs had a number of preferred suppliers they needed to keep happy, but a lengthy and fragmented AP process meant invoices were not always paid on time. The need for automation was clear, so the decision was made to introduce a cloud-based solution which allowed invoices to be approved on the go. MediusFlow’s AP workflow, integrated with Microsoft Dynamics AX, was implemented and rolled out in only 3 weeks, and the results were near instantaneous.
Watch this short-video to discover how:
- They are now processing 93% of invoices without any manual intervention
- They achieved a positive ROI in less than 12 months
- Their suppliers are incredibly happy, with the average invoice lead time reduced from 45 days to just 11 days
