Nidec Motor Corporation

The world’s leading comprehensive motor manufacturer, handling “everything that spins and moves”, from miniature to gigantic.

Client

Nidec Motor Corporation (NMC) is a global manufacturer of motors and control equipment for home appliances, industrial use, and consumer use with over $40.5 billion in annual revenue. Operating for nearly half a century, NMC encompasses approximately 300 subsidiaries, employing more than 100,000 people in 40 different countries.

Challenge

In 2005, NMC sought out a robust Accounts Payable (AP) solution to automate their heavily manual process, reduce paper, and provide consistency in an ever-growing organization.

Invoice Processing

  • 12,500 invoices per month across 3 ERP systems
  • Invoice Entry Mix: 85% manually keyed

Supplier Master Maintenance

  • Approximately 6,000 global suppliers

The Solution

All of NMC’s invoices are now imported within 24 hours of receipt by DataServ’s Digital Mailroom,  

  • Instant visibility  
  • Paper elimination 
  • Reduced manual data entry 

 

NMC also benefits from AutoVouchTM, DataServ’s pre-ERP three-way match solution, utilizing advanced Optical Character Recognition (OCR) technology to automate the manual matching or “vouching” work. 

  • Increased accuracy & productivity 
  • Reduced human touches 
  • Payment punctuality 

 

DataServ has been a constant for NMC throughout many organizational changes; numerous acquisitions and a major transition from a centralized system to a decentralized shared services model.  

  • Process standardization & scalability 
  • Increased controls and compliance

The Results

Now, about 88% of Nidec Motor Corporation’s invoice volume is PO-based. They receive an average of 21-hour turnaround time, with a 99.9% accuracy rate from DataServ’s invoice data capture solution, and achieve nearly 70% straight-through invoice processing with AutoVouch.

“AutoVouch eased disruption in our workflow because it reduces the number of invoices in which facility personnel is responsible for reviewing and disseminating to the corporate branch. It significantly reduced the number of invoices that were being manually keyed. It wasn’t long before we could see a reduction in errors, while also seeing a decline in the number of invoice exceptions. This allowed the AP team to spend more time working on higher-value tasks.”

Yvonne Chambers, Accounts Payable Manager Tweet

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