Customer Stories, E-Invoicing
How Le Bon Marché eliminated paper, cut invoice processing times and accelerated payments to 2,600 suppliers
Highlights and key quotes from our video interview with Lydie Paris, Project Lead and Émilie Chicherie, Accounts Payable Project Coordinator at Le Bon Marché
Le Bon Marché’s dependency on a manual, paper-based invoicing process had resulted in spiralling administrative costs and difficulties paying suppliers on time.
“We needed a solution that would help us, reduce administrative costs, standardise our processes and ensure we’re respecting the payment terms we agree with our suppliers”
Working with Tradeshift has enabled Le Bon Marche to:
- Onboard more than 2,600 suppliers (and counting) to the Tradeshift platform, providing a full range of electronic invoice capture methods, including EDI, PO-flip, email or direct upload
- Significantly reduce costs associated with processing and archiving a high volume of paper-based documents.
- Gain complete visibility into the invoicing workflow, enabling faster issue resolution and real-time supplier communication.
- Free up valuable time within the existing AP team which can then be reallocated to more strategic work.