Case Study: North American Mining Company achieves $5 million in AP savings with Hyland's OnBase

Natural resource mining company saves $5 million with AP automation

North America’s largest iron ore pellet producer, a leading mining operator with 15 sites across three countries and 2,500 employees headquartered in Cleveland, Ohio, faced a decentralized, paper-based accounts payable operation processing nearly 360,000 invoices a year. Manual workflows gave the company little visibility into invoice processing, made AP slow and labor-intensive, and left early-payment discounts and efficiencies untapped.

The company implemented OnBase to create vendor templates that automatically extract and upload invoice data and to centralize invoice routing to its Ohio headquarters. The automation eliminated manual data entry, reduced errors, enabled identification and capture of early-payment discounts, delivered $5 million in annual savings, and freed nearly half the AP staff to focus on higher-value work.