Prior to automating its AP invoice processing with Esker, Maxim was manually processing an annual volume of approximately 163,000 invoices in nine different AP locations around the world, along with a large paper archive located in Texas.
Some of the biggest challenges associated with Maxim’s previously manual AP process included:
- A home-grown workflow that required each invoice to be scanned in with a bar code
- No standard approvals or schedule of authorizations (CEO was approving everything over $1,000)
- Invoices did not have a purchase order (PO) attached
- Procurement and AP were not in alignment
