LACTALIS India, part of the World's Largest Dairy Group Transforms its Invoice Processing with Newgen
Source: The DairyNews
Leveraging Newgen's Invoice Processing Solution, built on NewgenONE — a low-code platform, Lactalis India aims to centralize its invoice processing and establish standardized practices throughout the process.
The finance and account managers now have access to real-time metrics for vendor payments, enabling intelligent user allocation, automatic case routing, and the utilization of straight-through processing of transactions for faster turnaround time. Additionally, a gamified experience helps motivate and improve the performance of all business users.
"In 2014, we made our entry into the Indian market through the acquisition of Thirumala Milk Products Pvt. Ltd—a South-Indian dairy production company. Subsequently, we expanded our presence by acquiring the other leading dairy companies in India, including Anik Industries and Prabhat Dairy in 2016 and 2019. As our operation continued growing, we needed to be more efficient. Our existing invoice-handling process lacked digitization and centralized management of documents, drastically impacting our workforce productivity and operational efficiencies. With Newgen's low-code-based digital transformation platform, we have successfully eliminated manual intervention in the invoice management process. We are now closer to achieving our goal of end-to-end digitization and process standardization," said Ms. Odete Maria Guedes Ribeiro, CFO at Lactalis India.
"In 2014, we made our entry into the Indian market through the acquisition of Thirumala Milk Products Pvt. Ltd—a South-Indian dairy production company. Subsequently, we expanded our presence by acquiring the other leading dairy companies in India, including Anik Industries and Prabhat Dairy in 2016 and 2019. As our operation continued growing, we needed to be more efficient. Our existing invoice-handling process lacked digitization and centralized management of documents, drastically impacting our workforce productivity and operational efficiencies. With Newgen's low-code-based digital transformation platform, we have successfully eliminated manual intervention in the invoice management process. We are now closer to achieving our goal of end-to-end digitization and process standardization," said Ms. Odete Maria Guedes Ribeiro, CFO at Lactalis India.
