Molson Coors Improves Supplier Collaboration and Saves on Invoice Costs with AP Automation

“We were doing manual invoicing across the board,” explained Rick Kneebone, IT Senior Business Partner, Molson Coors. “We were still doing faxes five to seven years ago. Our internal teams and our suppliers were both eager for an easier, less manual solution.” The company began a multi-phase project to increase AP automation.

At the start of the project, Molson Coors moved a number of small suppliers to OneSCM®, a SaaS-based supplier collaboration portal from TAKE Supply Chain. OneSCM enabled the suppliers to login and manually create PO-associated invoices for 3-way match and payment.

Both supplier and buyer were able to view the status and address any issues or delays quickly. Next, Molson Coors wanted to make AP automation available to their mid-tier supplier group in a form that would encourage maximum participation. Mid-tier suppliers account for approximately 70% of the trading partner base. These mid-size suppliers’ invoice volume was too large to make it efficient to manually create invoices, however they were not large enough to make EDI connections worthwhile. This meant the new solution needed to be flexible, save time, improve accuracy and shorten the invoice cycle.