Avanquest Solutions has delivered a supply chain management and Accounts Payable solution to Northern Marine Management Limited (NMM), a wholly owned subsidiary of Stena AB Gothenburg providing global ship management services.
The system is intended to speed up procurement and payment business processes and cut costs “by reducing the volume of paper we send around the world” said Dominic Fernandez, senior finance manager at NMM.
A browser based system has been installed in the NMM Glasgow office, to help deal with the 40,000 to 50,000 invoices the company receives from suppliers each year.
Data can be accessed via a Citrix application in ‘real time’, allowing users instant access for look-up from anywhere in the world. Documents are held in RTF (Rich Text Format) so amendments and notes are easily added.
Future plans include the integration of the Avanquest solution with a new finance package later in 2008, as well as an integration with Microsoft Infopath to allow purchase requisitions to be made from vessels at sea.
The system is intended to speed up procurement and payment business processes and cut costs “by reducing the volume of paper we send around the world” said Dominic Fernandez, senior finance manager at NMM.
A browser based system has been installed in the NMM Glasgow office, to help deal with the 40,000 to 50,000 invoices the company receives from suppliers each year.
Data can be accessed via a Citrix application in ‘real time’, allowing users instant access for look-up from anywhere in the world. Documents are held in RTF (Rich Text Format) so amendments and notes are easily added.
Future plans include the integration of the Avanquest solution with a new finance package later in 2008, as well as an integration with Microsoft Infopath to allow purchase requisitions to be made from vessels at sea.
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