Case Study: MOL Tankship Management saves time and improves invoice accuracy with Eye-share Workflow

MOL Tankship Management cuts invoice delays and pays 96% on time with Eye-share

MOL Tankship Management Ltd., a subsidiary of Mitsui O.S.K. Lines, faced significant challenges in managing its high volume of approximately 40,000 annual invoices. Their manual process was time-consuming and prone to errors, leading to misplaced invoices, missed payment deadlines, and constant supplier inquiries that burdened their accounts department. To address this, they implemented the eye-share Workflow Invoice module.

The solution from eye-share automated the invoice approval process, integrating with their ShipNet ERP system to provide real-time status tracking and secure long-term storage. This implementation resulted in 96% of invoices being paid on time, drastically reducing supplier inquiries. The efficiency gains were substantial, allowing the company to manage all incoming invoices with just one staff member for a few hours each day, freeing up significant resources and improving accuracy across their operations.

MOL Tankship Management Ltd