Hormel Foods Corporation is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. It operates through four segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International and Other. Hormel has over 19,000 employees in 12 primary facilities.
“In 2018, I started looking for something to replace our custom solution. I talked to a number of different companies and ultimately found DataServ. I was impressed by the invoice capture, SaaS OCR, and the fact that they would be in the system in less than 48 hours. The biggest thing is the automation. If I have an invoice where the price lines up with the PO and the quantity lines up with the quantity received, it doesn't have to go to someone for approval.” - Derek Voth, Manager of Transactional Service
Hormel utilized multiple, disparate products and providers as part of their invoice processing system, creating time-wasting redundancies for users and a slew of additional technical difficulties.
DataServ was live and fully integrated with their existing ERP in just 82 days. Hormel opted for the Digital Mailroom which includes DataServ’s Invoice Processing Machine™ (IPM), SaaS OCR, human validation, and guaranteed accuracy. Their solution also included AutoVouch™, pre-ERP 3-way match automation, using artificial Intelligence, and exception-based auto-routing.