Case Study: Scandinavian Vehicle Distributors saves time and gains invoice visibility with Xtracta-powered MYOB Greentree eDocs

Scandinavian Vehicle Distributors cuts invoice entry time by 40% with Xtracta

Scandinavian Vehicle Distributors, a motor vehicle distributor, faced a growing burden on its finance team as it manually processed up to 1,000 paper invoices each month. This manual process consumed valuable time with data entry, filing, and retrieval, prompting the need for a more efficient solution. The company implemented MYOB Greentree eDocs, a solution powered by Xtracta's AI-based data capture technology.

The solution from Xtracta automatically extracts invoice data, sends documents for streamlined approval, and checks for duplicates. This eliminated manual data entry, made the office paperless overnight, and provided full visibility into the AP process. The results were significant, with Xtracta's technology reducing time spent on invoice entry by 40% and freeing up 2 to 3 days per month for the accounts payable person.

Scandinavian Vehicle Distributors