14 Nov Israel Aerospace Industries (IAI) automates its entire procure-to-pay process
Israel Aerospace Industries (IAI) has revealed it is now managing its entire procurement and financial activities with its suppliers in a paperless and automated environment.
Over 3,000 suppliers exchange over 20,000 documents each month – from RFPs through purchase orders and invoices to payment confirmations – creating an efficient and environmentally-friendly process with saving of up to 50% in operational resources compared to the manual procure-to-pay process previously in place.
This transformation is enabled by the Nipendo Supplier Cloud platform, which allows organizations to electronically collaborate with all of their trading partners while enabling seamless integration with their ERP systems. With over 3,000 IAI suppliers using the platform and more than 90% of invoices electronic, paperless process enables dramatic error reduction, savings of up to 50%