Case Study: Loomis Sayles achieves faster invoice processing and 14-month payback with Basware AP Automation

Loomis Sayles was determined to bring efficiencies and cost savings to its accounts payable (AP) department

Loomis, Sayles & Company, a Boston-based investment manager overseeing more than $130 billion in assets, needed to modernize a largely manual accounts payable process that routed paper invoices between regional offices and headquarters. The manual workflow caused inefficiencies, missing and late payments, high imaging and shipping costs, and limited spend visibility—while leadership also wanted to reduce paper and gain tighter control for compliance.

Loomis Sayles implemented Basware AP Automation (with scanning services and integration to its Lawson ERP) to capture, route and approve invoices electronically and to manage recurring payments. The solution delivered payback in 14 months, sped invoice processing by 38%, enabled 85% of invoices to be paid within 7–10 days, freed about 40% of AP staff time for strategic work, eliminated duplicate and late payments, and reduced paper and invoice volume through 20% consolidation.

Loomis Sayles

Daniel Garuti

Vice President