Although Bush Brothers and Company’s high-volume financial processes were almost all EDI-driven, its AP and AR departments were engulfed in paper.
The company’s document-intensive quality control processes produced stacks of paper daily at its manufacturing plants. To meet internal and FDA retention mandates, the company stored no less than 90 banker boxes each year onsite before paying to store them for seven additional years offsite.
Working with LMBC Technologies, an authorized OnBase solution provider, Bush Brothers chose OnBase to optimize accounting processes, improve visibility across the enterprise, and reduce operational costs, dispute resolution time and days sales outstanding (DSO).
“With OnBase, we’ve seen drastic DSO improvement – we save $200,000 annually,” said Jim Derrick, IS manager for Central Services-Applications at Bush Brothers. “Staff now spend more time on deduction audits and service. They focus on tasks that bring dividends.”
Bush Brothers’ use of OnBase is helping the company with more than DSO improvement. Here are three more ways Bush Brothers benefits: