Karl Lagerfeld fashion is offered at more than 200 stores worldwide, plus premium wholesale and franchise partners. Using a manual system to handle $100 million in purchase order value and thousands of suppliers was becoming unsustainable for the AP department. They turned to Medius for a solution.
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AP Automation success story
Background on Karl Lagerfeld and their set-up
- Website: www.karllagerfeld.com
- Industry: Fashion Retail
- ERP: Infor M3
- Location: Benelux
- Solution: Accounts Payable Automation
Benefits of Medius AP Automation
- Better visibility provides audit trail for auditors and vendors
- Fraud detection alerts staff to any anomalies
- System promotes consistency in processes across departments
Who is Karl Lagerfeld?
A global, Parisian-inspired fashion brand for women, men and kids, reflecting the iconic vision of founder Karl Lagerfeld.
What was the challenge?
Despite a massive volume of vendors and purchase orders, AP was using a manual system that lacked visibility and proper workflows. It was becoming unsustainable for the 10-member team.
How did we help?
The team spends less time chasing down approvals so invoices are paid faster. Medius helps detect fraud and reduce errors. Plus, the system encourages consistency in processes throughout the company.
“In addition to the standard ERP integration, Medius clearly had the experience, knowledge, and support we needed. With Medius working with us on-site, we were able to establish workflows, testing and PO matching so we needed hardly any involvement from IT personnel.”
Eva Miguel Banos
Finance Director
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Positioned for Success
Karl Lagerfeld is one of the most recognizable fashion labels in the world. Despite the company’s enormous success, the AP department was lacking proper workflows and procedures that could be achieved with automation. Recognizing that manual invoice processing was becoming unsustainable, the company turned to Medius to increase productivity and streamline its processes.
Learn how Medius created numerous efficiencies and exceeded expectations by implementing to the company’s ERP within just 7 weeks.
- Easy integration to Infor M3.
- Faster than expected implementation in just 7 weeks.
- Processing 16,000 invoices per year.
