Startseite/Shawcor achieves greater efficiency with Pagero
Shawcor achieves greater efficiency with Pagero2019-10-02T19:59:36+02:00
Shawcor achieves greater efficiency with Pagero
Commitment to continuous improvement
Shawcor is a major integrated solutions company specializing in products and services for the oil and gas, petrochemical and industrial industries. Driven by its commitment to continuous improvement, Shawcor identified that its existing Accounts Payable process was impacting the company’s overall customer experience, customer value and efficiency.
“Prior to Pagero, Shawcor Accounts Payable was a manual process which made it labour-intensive as well as time-consuming. In addition to the extra time and human resource cost, the company implemented a largely manual and mitigating control system and procedures to avoid data entry errors, duplicate payments and late payments to meet internal company policy and external compliance requirements”, says Imad Barake, Vice President Finance – Corporate at Shawcor.
of vendors onboarded
reduction in invoice processing
The Pagero solution
Shawcor selected Pagero’s open, cloud-based network to automate its Accounts Payable processes, which was aligned with Shawcor’s objectives to streamline financial processes, enhance productivity and reduce costs.
“Before the implementation, we worked in a two-step system. One person had to manually verify all the information in our OCR system before it was sent into our ERP system. That part of the process was eliminated with the help of Pagero. Now, all the information is automatically sent directly into our ERP system”, says Kelly Maningas, North America Accounts Payable & IFS Implementation Supervisor at Shawcor. “We chose Pagero because of its agility and scalability of their cloud-based network, and the responsiveness of their team to our business needs and requirements.”
“We chose Pagero because of its agility and scalability of their cloud-based network, and the responsiveness of their team to our business needs and requirements.”
Better visibility, better decision-making
“Pagero’s Accounts Payable performance and process metrics offer us unique insight into vendors’ critical data, helps us detect bottlenecks and identify potential problems for quick resolution. We are getting more reliable and accurate data, better visibility, and timely and relevant information seamlessly integrated into our ERP”, says Anna Velante, North America Accounts Payable Supervisor & Fixed Assets Analyst at Shawcor.
“Within a short amount of time, almost 40% of our vendors’ invoices from select businesses and locations are now being processed through Pagero Online, resulting in us already achieving an almost 30% reduction in invoice processing cycle times and costs. As the number of our suppliers joining the network increases each week, these savings will only continue to grow.”
“Within the last 12 months, Shawcor’s operations have increased significantly. Thanks to Pagero’s AP automation solution, we can effectively and efficiently manage this increase in volume witho