Tommy Hilfiger plans to reduce cost and error in processing invoices and speed up payments through automating its invoice system.

Tommy Hilfiger plans to reduce cost and error in processing invoices and speed up payments through automating its invoice system.

The fashion retailer has automated customer invoice processing with a global e-invoicing system provided by technology systems provider Sterling. The ststem went live this week. Tommy Hilfiger’s accounts department process on average 33,000 invoices per month from 4,000 customers.

An audit found that invoices cost approximately one euro each to print and post internationally and additional costs were incurred through lost receipts and man-hours to rectify errors and chase-up receipts.

Tommy Hilfiger vice president of Credit Management Frederick Kolff said: “Sterling Commerce offers a terrific solution that improves the speed, accuracy and efficiency of our invoicing process and ensures compliance with all safety and auditing regulations in the various countries where we operate. As a result, our invoicing costs will reduce and our DSO (days sales outstanding) will improve.”

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