Helping AGA Rangemaster gain greater financial control:
Client: AGA Rangemaster
Industry: Kitchen appliances
Activity: Manufacturer and retailer of ovens, sinks and other kitchen appliances, globally.
Transactions: 250,000 invoices each year
Their challenge:
The finance team at AGA Rangemaster was finding it impossible to gain an accurate picture of real-time company expenditure because of their manual accounts payable process. The inefficient logging and tracking of outstanding invoices made it difficult to gather data to produce reliable monthly management reports. They needed to tighten up company cashflow to help with forecasting but didn’t want the hassle of setting up and maintaining new technology themselves.
“The difference it’s made to our real-time financial reporting has been huge. Everything is digitised, accounted for and invoices are easy to approve – even from mobile devices.”
How we helped:
We quickly set up an online Supplier:Safe hub for them, and re-routed all incoming invoices through it, capturing them accurately using AI and automatic capture technology. This has removed laborious manual inputting from the team and provided a clear central place where the status of any invoice can be shown at any one time. Tracking approvals or queries are all done via the portal, removing the need for back and forth emails. Spend limits against cost centres are now set for individual managers to better control authorisation.
And now…?
AGA Rangemaster’s Finance Director now has access to highly accurate, real-time reports via Supplier:Safe, which provides a reliable overview of company finances. It means that month end figures are now 100% accurate and cashflow forecasts can be made with confidence. We continue to capture and process invoices for the accounts payable team, which is now able to operate efficiently with just two or three people.
We’re good at collaboration:
We happily integrate with, or work alongside, your line of business solutions to make sure everything flows well.
