Case Study: a leading entertainment company boosts AP efficiency and increases discounts with Circulus

Leading Entertainment Company - Customer Case Study

A leading entertainment company faced significant scalability issues with its paper-based accounts payable (AP) process, which was strained by organic growth and multiple acquisitions. Their manual system struggled with data entry, PO matching, and vendor payment research, creating financial and operational risks. They partnered with Circulus for a comprehensive AP workflow solution to digitize operations, reduce days payable, and increase data accuracy.

Circulus implemented a multi-faceted solution that involved collecting invoices in multiple formats, extracting data with over 99% accuracy, and integrating with the client's existing ERP. The system used customized workflow engines and business rules to automate approvals and matching. The results were substantial, including a 400% increase in discounts captured within two years, lower per-invoice processing costs, and a major reduction in days payable, transforming their AP into a value center.