How Norwegians largest waste and recycling company achieved economies of scale by shifting to electronic invoice processing
Norsk Gjenvinning, Norway's largest provider of waste and environmental services, has used Ibistic as its preferred tool for electronic invoice approval and processing since 2005. Ibistic Invoice System is integrated with SAP, which is the company's current ERP system. At the beginning of the cooperation in 2005 about 40,000 invoices were processed in Ibistic. Consequently, the scanning of invoices was processed within the organisation. However, it was eventually learned that this part of the process was easier handled via Ibistic as well.
Smart function - Automatic tiered approval hierarchy
For a company of this size with a high level of internal control, it is a necessity to be able to manage the approval process and keep an eye on the status of the approval of incoming invoices. For this purpose especially the approval hierarchy in Ibistic Invoice System has been of great benefit to the Norwegian company.
Achieved economies of scale using electronic invoice processing
Norsk Gjenvinning is Norway's largest supplier of recycling and environmental services. In the course of a year the company handles 1.8 million tonnes of waste for roughly 44,000 clients. In 2015 they brought a total operating income of 4.091 billion Norwegian kroner and an operating profit of 107 million. With more than 1,468 employees, the company is the leading employer in recycling and environmental services in the Norwegian market.
find further information here about the Ibistic Invoice System for Invoice handling.