Tommy Hilfiger Europe improves cross-border operations with e-invoicing solution
Sterling Commerce has announced that premium retailer Tommy Hilfiger Europe has selected Sterling e-Invoicing to automate its buyer electronic invoicing processes.
Sterling Commerce has announced that premium retailer Tommy Hilfiger Europe has selected Sterling e-Invoicing to automate its buyer electronic invoicing processes.
Sterling Commerce says that with Sterling e-Invoicing, Tommy Hilfiger reduces the cost of its cross-border and domestic trading by automating customer invoicing processes and extends those benefits to its community of business partners.
Tommy Hilfiger’s accounts receivable department processes on average 33,000 invoices per month from 4,000 customers. The company sought to improve profits by ensuring all invoices are processed accurately in order to be paid on-time and in-full. An end-to-end audit of accounts receivables processes 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. To achieve its objectives, Tommy Hilfiger wanted to reduce the error rate in its invoice processing and speed up payments.
Sterling e-Invoicing ensures automated tax and regulatory compliance across multiple countries. The system also archives invoices to meet specific country requirements, offers audit and reporting tools to accommodate tax authorities’ audit and enquiry demands and provides signed PDF authentication and non-repudiation services globally. Sterling e-Invoicing can be deployed on-premise or as-a-service. Tommy Hilfiger opted for the on-premise Sterling e-Invoicing deployment to integrate tightly into its SAP system.
