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Case study

Haldex Sweden

Haldex is a corporate group of Swedish origin which operates in eighteen countries within the continents of Europe, Asia, North and South America. Haldex concentrates on brake and hydraulic components, as well as other products aiming to improve vehicle safety.

About Haldex Sweden

EFF takes care of the accounts payable outsourcing process for Haldex companies located in the United Kingdom, Spain, France, Germany, Poland and Sweden. This case study concerns entities located in Sweden.

Cooperation

Cooperation between EFF and Haldex Sweden began in 2017 with a process related to internal invoices called triangulation. The process involves issuing internal invoices in one company and receiving and registering them as supplier invoices in another entity. The scope of entrusted responsibilities widened over time. EFF took over the processing of expense invoices (registration and distribution) and purchase order invoices (registration and matching).

Results

Due to a successful cooperation between EFF and Haldex Sweden, KPIs like the touchless invoice ratio, lead time or the number of overdue invoices have significantly improved within two years.

The accounts payable process for Haldex Sweden involves registering invoices using Readsoft applications and booking them in MS Dynamics 12.0 using Medius software.

Services

The main accounts payable responsibilities handled by EFF consist of:

Invoice registration
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Invoice distribution
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Purchase order invoice matching
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Participation in master data management process
Checking reminders and statements
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Chasing missing invoices
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Consulting (regarding workflow software MediusFlow)
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Workflow system implementation
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Solving current issues
Łukasz Gauza
Service Manager

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We can help your company too!

Does processing your invoices take too long and you receive a lot of reminders? Do you want to make your AP/P2P process more efficient? Does it generate you more costs than you anticipated? Are looking into outsourcing it?

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