"Invoice rejection has been decreasing over the last three years, thanks to the information we extract on the ITESOFT platform".
Network Rail runs, maintains and develops Britain’s rail tracks, signalling bridges, tunnels, and many key stations, transporting around 1.7 billion passengers yearly and maintaining 32,000 bridges and tunnels.
With a huge invoice amount going through every day and a long processing cycle, Network Rail chose ITESOFT to improve, optimise and automate their accounts payable process.
Discover all the benefits Network Rail are getting with AP automation:
- Lowered processing cycle times from 1.2 days (industry average is 3+ days)
- Reduced operating costs: AP teams now reduced from 20 people to 14
- 82% invoice matching automation