Case Study: Volkswagen Financial Services achieves faster invoice processing with Therefore Corporation

Volkswagen Financial Services - Customer Case Study

Volkswagen Financial Services, the financing division of the Volkswagen Group in Spain, needed a faster, more controlled way to process supplier invoices. With a manual, paper-based workflow involving up to five approval levels and more than 60 people, the company wanted to reduce errors, eliminate paper, and integrate smoothly with its SAP accounting system. Therefore Corporation provided its Therefore document management solution, combined with invoice capture and automatic recognition.

Therefore Corporation implemented an automated invoice workflow that digitized incoming invoices, extracted key data, routed documents to the right approvers, and posted approved invoices directly into SAP. The system was deployed in four months, and within three months Volkswagen Financial Services was processing around 500 invoices per month. The result was greater control, faster processing, fewer errors, reduced physical archive space, and a significant cut in paper use, leading the company to extend the solution to three additional business areas.

Volkswagen Financial Services

Charo Pacheco

Volkswagen Financial Services