Encare: Automated Invoice Processing is Equally Important for Small and Large Organizations
A Swedish healthtech company with fewer than 10 employees reduced a multi-day reconciliation process to minutes.
Encare is a Swedish software company with fewer than ten employees in the healthtech space, delivering evidence-based patient pathways for faster recovery after surgery. The software helps hospitals reduce post-operative length of stay from 12 to 9 days for gastrointestinal surgery, and lowers costs by around 30% while improving patient outcomes.
"It doesn't matter what your organization looks like, how big it is, or what it offers. As CEO, I enable my organization's growth and earnings, which makes digitalization just as important regardless of company size," says Per Sunnermark, CEO of Encare.
Encare implemented Rillion's invoice processing and approval workflow solution to streamline its financial processes. The company gained visibility into purchasing data and the ability to straight-through process invoices for indirect materials, while the expense module gave employees mobile approval and greater transparency.
Where documents previously risked being lost in paper-based systems, they are now accessible anywhere, anytime. The month-end accrual process, which used to take days, now takes minutes, and controllers now have decision-making authority over the budget instead of having to explain spending after the fact.
"We believe that whatever can be automated should be, since it is the fast track to high quality."
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