Sonae Sees Annual Savings Of €15m After Introducing Electronic Invoicing
Portuguese retailer Sonae MC has reported annual savings of more than €15 million after implementing electronic invoicing for partners and suppliers.
In 2005, the Continente operator adopted electronic invoicing to optimise time spent in handling documents and to ensure better business management.
Nuno Guerreiro, head of DSA at Sonae, said, "The teams now manage information and documentation with added quality, agility and swiftness, which makes their work and the relationship with third parties easier, generating not only environmental and financial savings, but also effective productivity gains."
The move also resulted in improving the company's ecological footprint by cutting CO2 emissions, saving more than 90 tonnes of paper, around 2,500 trees, and 10 million litres of water.
Every year, Sonae processes more than three million invoices involving thousands of suppliers and partners.
Currently, 100% of purchase orders and 99% of external suppliers’ invoices are issued, received and registered electronically, the company said.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.