Case Study: Eklind Tool Company achieves faster, paperless accounts payable with FileBound

Business Harnesses Automation to Increase Accounts Payable Productivity, Improve Processes, and Reduce Costs

Eklind Tool Company, a manufacturing business, was struggling to keep up with a booming sales environment as its accounts payable team faced rising workloads, manual data entry, outdated processes, and a growing paper trail. To address these challenges, the company chose FileBound, Upland Software’s cloud-based workflow automation and document management solution, with support from Genesis Technologies.

FileBound was implemented in just six weeks to standardize and automate AP workflows and support a paperless storage initiative. The results were significant: invoice processing time dropped by 50%, employees saved about 12 hours per week each, and nearly 90% of invoices were templated in FileBound capture, reducing errors. Eklind Tool Company also cut costs tied to printing and storage, and FileBound made invoices and backup documents instantly retrievable for audits and reviews.

Eklind Tool Company

Doug Cunningham

Vice President of Finance