For The Bosch Group, streamlining the accounts payable (AP) function was a necessary step towards accomplishing certain short and long-term cost-reduction and efficiency goals. This challenge was embraced by the Bosch Communication Center site in Magdeburg, Germany, which serves as the central processing center for the entire Bosch Group in Germany as well as other, non-affiliated companies.
Top Image has said that the Bosch Communication Center uses Invoice Reader to capture, extract and interpret data from over 20,000 different suppliers that send invoices in many formats across various countries and in several languages. Built on the advanced eFLOW platform, Invoice Reader integrates seamlessly with Bosch’s existing invoice receipt monitor in SAP and its existing workflow and offers global scalability.
According to Top Image, the center already processes more than 300,000 invoices per year, and Bosch Communication Center plans to further maximize global efficiency by using eFLOW as a centralized platform for its European operations, handling up to 800,000 invoices.
Mike Lechner, manager of corporate AP at Robert Bosch, said: With the services provided by Bosch Communication Center in combination with the software recognition and processing solution from Top Image Systems, we found reliable partners to push the automation of our accounts payable function forward. Bosch Communication Center and Top Image teams were very professional which led an unusually short implementation period that surprised us very positively. Further, the results are exceeding all of our expectations.
