Colliers CRE: Accounts Payable

Customer	Colliers CRE, United Kingdom
Project	Accounts Payable
Systems Integrator	Digital Vision, United Kingdom
Products	PROSAR-AIDA
Publications	Case Study (PDF)
Project description	A recent implementation of Paradatec’s PROSAR-AIDA at Colliers CRE has reduced administration within the Accounts Payable function of the business by 50%. Colliers CRE, one of the UK’s leading real estate advisors, has implemented the system for its Property Accounts Department. The solution has also reduced supplier queries by at least 50%, as there is now greater document visibility and performance monitoring of processors and approvers. This has further reduced costs as well as improved operational efficiency, and freed up considerable internal resources. The scanned images are passed to PROSAR-AIDA by Kofax Ascent, and the invoice data is automatically recognised by the software. Following manual correction of the invoice exceptions, this data is then fed into the automated workflow solution for the Accounts Payable process. Claire Thomas, Head of Property Management Accounts at Colliers CRE, said: “An efficient Accounts Payable function is fundamental in Property Management and the benefits to our clients of a leading edge integrated system such as this are considerable. Advantages range from strong supplier relationships to close monitoring of expenditure and faster financial reporting to the landlord and tenant. Document accessibility and audit trail are also much improved”. Following the successful roll-out, Colliers CRE is considering extending the solution to its Corporate Accounts Department, to automate the handling of its own purchase invoices.