Top Energy Firm Uses Skan to Streamline Accounts Receivable Process

This client is a leading energy company engaged in renewable power generation, the production of sustainable biomass and the commercial sale of renewable electricity. The company operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

The client had three key goals for improving their finance and accounting processes:

First, they aimed to streamline intercompany transfers by automating the process, eliminating bottlenecks, and reducing errors. This would enable the team to handle transfers more efficiently.

Second, they wanted to boost operational efficiency and effectiveness. By investigating and implementing automated solutions for the Account Receivable (AR) team, they could optimize decision-making.

Finally, standardizing invoice formats and automating their conversion to the standard format would slash the time and effort needed to process invoices. With automated uploading to the Finance Manager, invoice processing would become faster and simpler.

By pursuing automation, integration, and standardization, the client targeted more seamless financial operations across teams and functions. Their objectives were practical and focused on measurable gains in productivity, accuracy, and speed.