Version One helps Amethyst Group close accounts four days early

Amethyst Group, a leading provider of warehousing and distribution services,
has reduced the time taken to close its financial accounts by four days and has
significantly cut invoice approval times after implementing cutting-edge Version
One’s technology.

The company also centralised and streamlined its purchase-to-pay processes
with Version One’s document imaging and authorisation software.

David Nolan, financial director at Amethyst Group said: ‘We now have instant
desktop access to our financial documents which has reduced the time taken to
close our accounts by four days.

‘As a result of the improved efficiencies we’re now experiencing, we have
also saved the equivalent of half a person’s time in our accounts department and
as we no longer need to employ an expensive third party archiving facility to
scan our documents, we are saving thousands of pounds each year.’

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