Nidec Motor Corporation
The world’s leading comprehensive motor manufacturer, handling “everything that spins and moves”, from miniature to gigantic.
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.
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.
- 12,500 invoices per month across 3 ERP systems
- Invoice Entry Mix: 85% manually keyed
Supplier Master Maintenance
- Approximately 6,000 global suppliers
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
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.
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