See how we helped Visteon to control a world level transportation operation.
Visteon is the world leader in vehicle cockpit electronics, with a global revenue of 7.5+ billion USD. It is ranked as 359 in the Fortune 500 index and has operations in 28 countries, employing more than 26.000 people.
Visteon handles 10.000+ transportation invoices per month in its worldwide operations, using over 100 different transporters and a myriad of transportation means. Each of these invoices is subject to a specific contract that dictates how the actual value of the invoice should be computed. From fuel surcharges to container sizes, over 1.000 different variables are used to determine the value of each single transport, on a staggering 100.000+ rule set.
Visteon vision was to centralize the processing and control of these invoices, while reducing the time required for approval, the amount of processing errors and, more importantly, the overall cost of that operation.
Visteon implemented the Processware’s Inbound Control Solution to centralize, monitor and manage its entire transport control operation. EDI links were established with all transport vendors, assuring full electronic invoicing. Corporate ERP links were configured to post accepted invoices and dashboards were configured to provide consistent, real time monitoring for the entire operation.
accurate invoice error detection
reduction in processing lead time
reduction in workforce
Ana Soeiro, Visteon's Global Transportation SM
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