Case Study: Thrive Networks streamlines invoicing and expense management with Aavenir Invoiceflow

Thrive Networks drastically streamlined invoicing and expense management with Aavenir Invoiceflow

Thrive Networks, an IT services and consulting company, faced significant challenges in managing a high volume of diverse invoice formats after acquiring new companies. Their accounts payable team struggled with a lack of standardized processes, poor expense tracking, and an inability to identify bottlenecks, leading to inefficiencies and delays. To address this, they turned to the vendor Aavenir and its product, Aavenir Invoiceflow.

Aavenir implemented its AI-enabled invoice management solution, which integrated with Thrive's Microsoft Dynamic GP ERP system. The solution automated data extraction from bundled invoices, established defined approval workflows, and provided complete visibility into the invoice lifecycle. This resulted in 100% paperless processing, an 80% increase in efficiency, 100% productivity in expense disbursements, and a 60% improvement in collaboration with suppliers.

Thrive Networks