KLN Family Brands Named Runner-Up For Huntington Bank Innovation Award For Use Of AnyDocINVOICE
AnyDoc Software, a leading provider of automated document, data capture, and classification solutions, announced recently their client, KLN Family Brands, a popular snack food manufacturer based in Perham, MN, has been named runner -up for the 2012 Huntington Bank Innovation Award in the Accounts Payable category.
The Huntington Bank Innovation Award, presented by The Institute of Financial Operations (IFO), recognizes the creative use of advanced technologies, tools and processes in all the areas of financial operations.
To process incoming invoices for the four separate snack and pet food companies they manage, KLN selected a composite solution comprised of rules-based unstructured data capture with AnyDocINVOICE from Tampa, FL-based AnyDoc Software, and ScerIS/DMS (Document Management System) and ScerIS/ERM (Enterprise Report Management), both from Sudbury, MA-based software developer and systems integrator ScerIS, Inc.
“We’re honored to be recognized by the Institute for our more efficient AP process which helped us achieve an ROI in just 14.5 months,” said Ron Galbrecht, Chief Information Officer of KLN Family Brands. “In addition to saving $82,500 annually and significantly reducing overtime hours, we’ve reduced our invoice cycle time by 50% while the invoice volume has increased.”
With the solution in place, KLN now scans 30,000 annual invoices for its four companies. The critical data from the invoice images is automatically captured from both purchase order (PO)-based and non-PO invoices—including invoice number, date, total amount, and line item details (on PO-based invoices). The data is validated according to the company’s business rules and accurate, verified data is output into ScerIS/DMS with the images automatically indexed and archived.
Using AnyApp technology for unstructured document processing, AnyDocINVOICE automatically captures data from KLN’s invoice images including detail line items, without the use of individual templates. AnyApp captures the essential data from all invoice images, regardless of where it may be located on each invoice page from one vendor to the next, and learns the location for each subsequent time that vendor’s invoice is received and processed.
For PO invoices, AnyDocINVOICE performs a three-way match with the invoice, the purchase order, and the receiving data. When the line item details and the totals match, the invoice data is automatically transferred downstream into their ERP system for payment, without the need for any manual intervention or human review.
Non-PO invoices (with the extracted data from AnyDocINVOICE) are sent through a workflow process within ScerIS/DMS which presents the invoice along with any attachments for review and approval. Once approved and coded, the extracted data is sent to their ERP system, and the invoice is scheduled for payment and seamlessly archived into ScerIS/DMS. With accurately indexed invoices, KLN is able to minimize the time to research vendor questions within the ScerIS/DMS easy-to-use interface.
Additionally, KLN expanded the system after only six months to extend the automation benefits into their accounts receivable (AR) department. Now they also automate the processing of their order and shipping documents—including sales orders, customers’ purchase orders, and individual shipping acknowledgements.
The Huntington Bank Innovation Award was presented at IFO’s FUSION Conference in Nashville, TN, during the Awards Luncheon on Monday, May 14.
About KLN Family Brands
KLN Family Brands is a family-owned business located in Perham, Minnesota. KLN started in 1964 with Tuffy's Pet Foods, and has continued to expand its brands and products. NutriSource pet food, Wiley Wallaby licorice and Vic’s Popcorn are just a few of their top brands sold throughout the United States. KLN currently manufactures a variety of pet foods, snacks, candies and naturally organic brands.
Designing, deploying and supporting innovative workforce productivity solutions since 1993, ScerIS uses their suite of imaging, workflow and e-Forms applications to enable their clients to do more work with less effort and at lower costs. Acting as a client resource, ScerIS retools both people and paper-centric work processes across 15 major markets and 150 industries resulting in significant bottom-line improvements and appreciable return on investment. For more information, visit www.sceris.com.
About AnyDoc Software
AnyDoc Software has been developing award-winning document, data capture, and classification solutions since 1989. More than 3,000 clients and 70,000 users worldwide in 45 countries rely on AnyDoc solutions to eliminate millions of hours of manual data entry while improving their productivity and data accuracy. Any paper form or document including invoices, remittances, and checks can be automatically processed with full data capture without the need for manual keying. Clients include: Fastenal Company, Sony Pictures Entertainment, BlueCross BlueShield, the U.S. Census, LeasePlan, Coop, and more. For more information, visit www.AnyDocSoftware.com.
SOURCE: AnyDoc Software