According to Al Barbee, director of North American Financial Shared Services, GlaxoSmithKline, the time for e-invoicing is now.
“Getting to e-invoicing, especially in today’s global environment, makes a whole lot of sense,” he said in an interview at Ariba Live 2011. “It eliminates all of those steps in the process that are manual, and reduces all the chances for things to go wrong."
The ability of suppliers to “flip” POs delivered via the Ariba Network into electronic invoices improves efficiency, noted Barbee, so much so that it has contributed to a reduction of more than 20% of staff at GlaxoSmithKline’s BPO provider.
The primary reason for choosing Ariba to move toward a paperless invoice processing environment was the supplier match: more than 50% of GSK suppliers were already on the Ariba Network. “That made the actual conversion much easier and faster,” said Barbee.
To hear more about GlaxoSmithKline’s paperless invoice processing approach, don’t miss our May 19 webinar. Al is the featured speaker and will go into more detail of GSK’s success in eliminating paper from accounts payable.