London Borough of Camden delivers savings through electronic invoicing
As part of an on-going project to streamline accounts payable, the London Borough of Camden implemented electronic invoicing using a service offered by RBS and has said that they have seen reduced costs, increased productivity and quicker supplier payments.
Integrated with the council’s current Enterprise Resource Planning system (ERP), the RBS service automates the exchange of invoices, purchase orders and credit notes with the aim of increasing efficiency through a compliant, touchless process.
RBS also took charge of on-boarding the councils suppliers and, according to RBS, 90% of suppliers identified for electronic invoicing are now on-boarded and submitting their invoices electronically.
Camden’s Head of Purchase to pay, Andrew Coulson, says the move is a win-win both for the Council and its suppliers. “Ending manual handling of paper invoices has reduced our costs by over £250k per annum. It speeds up processing of invoices, so suppliers get paid promptly and ensures their invoices are compliant with our requirements.”