Nintex
Case Studies
Streamlining Invoicing and Approval Processes: A Case Study of LVMH Italia
Overview
Streamlining Invoicing and Approval Processes: A Case Study of LVMH ItaliaNintex |
Sensors - Flow Meters Sensors - Liquid Detection Sensors | |
Consumer Goods Retail | |
Quality Assurance Sales & Marketing | |
Retail Store Automation Theft Detection | |
Operational Impact
The implementation of Nintex K2 Five has led to significant improvements in LVMH Italia's operations. The streamlined invoicing process has saved time for employees and improved retailer satisfaction. The software has also improved the company’s cash flow, as retailers no longer have any reason to withhold their own payments to LVMH Italia. The overall situation for trade marketing payments has improved significantly, with the company improving its Days Sales Outstanding by one day on average every month. The retailer approval process has also been transformed, with a fully automated workflow ensuring compliance with group policy. The ability to attach key documents to the workflow has centralized all information relating to retailer approvals, making it easy for employees to verify that the correct approval procedure has been followed. | |
Quantitative Benefit
80 employees building workflows with K2 Software | |
1,500 new vendor purchase requests approved annually | |
$250,000 more cash flow per month | |