How can a 200-year-old company, with an aim to always be best-in-class and continuously search for new and efficient ways of doing things, successfully overhaul a manual invoice management process? For Bunge Brazil, the answer was to deploy key solutions from the OpenText™ Suite for SAP®.
Bunge Limited is a global agribusiness and food company with over 30,000 employees, operating in more than 40 countries. Bunge’s South American operations account for a substantial part of the business—it leads in grain, soybean, wheat and sugarcane production and has more than 100 offices in Brazil alone.
Bunge Brazil sought to centralize its back-office functions into a shared service center. This included streamlining its accounts payable (AP) processes, which were partially outsourced and frequently manual. Using OpenText™ Vendor Invoice Management for SAP® Solutions (VIM), Bunge Brazil applied robotics process automation (RPA) to invoice processing to accelerated approval and payment cycles. The company also leverages OpenText™ Invoice Capture Center (ICC) to quickly and accurately scan PDF invoices into the system.
Accounts Payable staff now have full, real-time visibility into the status of invoices, and the company achieved significant cost savings, in part by reducing the resources needed to process invoices.
“We found 20 percent to 30 percent in cost savings with OpenText Vendor Invoice Management for SAP Solutions, and we are now able to process roughly 12,000 invoices per month with 50 percent less FTEs.”
– Rogério Almeida, financial manager, Bunge Brazil
The solution has been a tremendous success story within the company and it has also contributed to numerous industry accolades. The Brazilian Association of Shared Services recognized Bunge Brazil as an efficient, innovative and state-of-the-art organization, awarding the company first and second place for Best Shared Services in 2016 and 2017, respectively. The efficiency of Bunge’s automated AP processes contributed greatly to these achievements.
Bunge is a valued member of the OpenText Elite™ customer loyalty program and we had the pleasure of interviewing Rogério for a new Success Story. Check out the story here.