Case Study: Volvo achieves faster, paperless invoice processing with Xtracta

Scandinavian Vehicle Distributors moves to electronic invoice processing to save time and improve visibility

Volvo distributor Scandinavian Vehicle Distributors (SVD) was struggling with a growing manual accounts payable workload, processing up to 1,000 invoices a month and spending valuable time on approving, keying, filing, archiving, and retrieving paper invoices. To improve efficiency and visibility, SVD turned to Xtracta-powered MYOB Greentree eDocs.

With Xtracta’s AI-based data capture in eDocs, invoices are now emailed in, automatically extracted, routed for approval, and posted into the ERP with a copy stored electronically. The result has been a paperless AP process, fewer errors through duplication checks and PO matching, and a 40% reduction in invoice entry time, freeing up 2 to 3 days per month for the AP team.

Volvo

Andrew Butchart

Financial Controller