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.

“Implementing Tradeshift has enabled us to rethink and uplevel how our team uses its time and what we focus on. Previously, we were often bogged down by mundane tasks such as data entry. 

“With the majority of that work now automated through Tradeshift, we can now focus on higher-value work such as ensuring that all the relevant checks are carried out on every invoice.”