Welcome!

News Feed Item

Crescent Crown Distributing Reduces Costs and Achieves Efficiency Gains with DocStar AP Automation

The tenth largest beverage distributor in the U.S. streamlines accounts payable operations, realizing greater efficiency and visibility for improved on-time payments

AUSTIN, Texas, Feb. 14, 2018 /PRNewswire/ -- Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced that Crescent Crown, which sells and delivers over 26 million cases of beverages annually, is leveraging the DocStar ECM AP Automation system, enabling the company to automate accounts payable processing to maximize efficiency for more timely payments with fewer late fees and lower labor costs.

“… we’ve not only streamlined our approval process and reduced errors, but our documents are no longer misplaced, and our late fees have gone down to almost zero. We’re much more proactive in paying our invoices on time, and we can be because of the great reporting and insight from DocStar,” said Neil Baier, Vice President of Finance,
Crescent Crown Distributing.

The tenth largest beverage distributor in the United States, Crescent Crown Distributing, LLC was established in 2001 and currently employs over 1,400 workers.

Processing invoices manually across seven locations was time consuming and costly for Crescent Crown; the company was scanning and entering tens of thousands of invoices and checks into Microsoft Dynamics GP every year. The distributor lacked an automated, real-time record of incoming invoices and due to limited visibility into payment due dates, the company was incurring a significant amount of late fees.

After fully integrating DocStar AP Automation with its MS Dynamics GP platform, Crescent Crown now has insight into every invoice and check in the system and has dramatically improved efficiency through workflow automation. Click here to view the Crescent Crown video.

"There are hundreds of miles between our facilities, and we require a vice president at each location to approve invoices," said Neil Baier, vice president of finance for Crescent Crown Distributing. "Now that everything is digitized with DocStar AP Automation, we've not only streamlined our approval process and reduced errors, but our documents are no longer misplaced, and our late fees have gone down to almost zero. We're much more proactive in paying our invoices on time, and we can be because of the great reporting and insight from DocStar."

Combining intelligent data capture with the powerful workflow engine in DocStar AP Automation, Crescent Crown imports and automatically routes invoices so each vice president has immediate access to unpaid invoices that require their approval. DocStar AP Automation is easy to use and implement, enabling businesses to perform 2 and 3-way matching to identify errors automatically, gain better insight to capture more early pay discounts, and streamlines the entire AP process with electronic forms and automated workflows. DocStar AP Automation also integrates with any enterprise resource planning (ERP) or accounting system to eliminate "stare and compare" and duplicate data entry, and makes it easy to retrieve data, review invoices, and push them along the AP workflow.

"DocStar AP Automation enables businesses to drive cost savings through discount capture, penalty avoidance, and lower labor costs, while improving ease of access for payables-related information," said Tom Franceski, vice president and general manager, DocStar. "We are delivering the AP change that is needed through powerful integration with ERP systems to quickly resolve exceptions with little to no manual intervention, and robust workflow support for improved visibility and faster processing which reduces per-invoice processing cycle time and costs."

Eliminating late fees was just the beginning of cost savings for Crescent Crown. The company has also saved at least four to five hours per week of work stemming from manual entry of invoices. That translates to about 250 labor hours annually the company can devote on other value-added activities.

"DocStar is definitely part of our long-term strategy in driving efficiencies through tools and technology. We lowered our late fees by thousands of dollars," said Baier. "It has been a positive return on investment and would definitely recommend DocStar for any company that is looking to implement an automated AP solution."

About DocStar
Helping businesses translate vision into action for more than 20 years, DocStar delivers a flexible and innovative enterprise content management and process automation platform. Easy to implement and use—both in the cloud and on premises—DocStar proven technology and global process expertise empowers organizations to operate at peak performance, navigate change, and grow. More than 2,000 organizations of every size and in every industry trust DocStar with their content. For more information, visit www.DocStar.com.

About Epicor Software Corporation
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed to fit the precise needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers' unique business processes and operational requirements are built into every solution―in the cloud or on premises. With this deep understanding of your industry, Epicor solutions dramatically improve performance and profitability while easing complexity so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.

Epicor, the Epicor logo, and DocStar are trademarks or registered trademarks of Epicor Software Corporation, registered in the United States and other countries. Microsoft Dynamics GP is a trademark of Microsoft Corporation in the United States and/or or other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.

Contact:

Andre Lenartowicz


Manager, Public Relations


Epicor Software Corporation


+1 512 278 5265


[email protected]

 

 (PRNewsfoto/Epicor Software Corporation)

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/crescent-crown-distributing-reduces-costs-and-achieves-efficiency-gains-with-docstar-ap-automation-300597442.html

SOURCE Epicor Software Corporation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Authorization of web applications developed in the cloud is a fundamental problem for security, yet companies often build solutions from scratch, which is error prone and impedes time to market. This talk shows developers how they can (instead) build on-top of community-owned projects and frameworks for better security.Whether you build software for enterprises, mobile, or internal microservices, security is important. Standards like SAML, OIDC, and SPIFFE help you solve identity and authenticat...
The digital transformation is real! To adapt, IT professionals need to transform their own skillset to become more multi-dimensional by gaining both depth and breadth of a wide variety of knowledge and competencies. Historically, while IT has been built on a foundation of specialty (or "I" shaped) silos, the DevOps principle of "shifting left" is opening up opportunities for developers, operational staff, security and others to grow their skills portfolio, advance their careers and become "T"-sh...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
Hackers took three days to identify and exploit a known vulnerability in Equifax’s web applications. I will share new data that reveals why three days (at most) is the new normal for DevSecOps teams to move new business /security requirements from design into production. This session aims to enlighten DevOps teams, security and development professionals by sharing results from the 4th annual State of the Software Supply Chain Report -- a blend of public and proprietary data with expert researc...
Lori MacVittie is a subject matter expert on emerging technology responsible for outbound evangelism across F5's entire product suite. MacVittie has extensive development and technical architecture experience in both high-tech and enterprise organizations, in addition to network and systems administration expertise. Prior to joining F5, MacVittie was an award-winning technology editor at Network Computing Magazine where she evaluated and tested application-focused technologies including app secu...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Having been in the web hosting industry since 2002, dhosting has gained a great deal of experience while working on a wide range of projects. This experience has enabled the company to develop our amazing new product, which they are now excited to present! Among dHosting's greatest achievements, they can include the development of their own hosting panel, the building of their fully redundant server system, and the creation of dhHosting's unique product, Dynamic Edge.
This session will provide an introduction to Cloud driven quality and transformation and highlight the key features that comprise it. A perspective on the cloud transformation lifecycle, transformation levers, and transformation framework will be shared. At Cognizant, we have developed a transformation strategy to enable the migration of business critical workloads to cloud environments. The strategy encompasses a set of transformation levers across the cloud transformation lifecycle to enhance ...
Your job is mostly boring. Many of the IT operations tasks you perform on a day-to-day basis are repetitive and dull. Utilizing automation can improve your work life, automating away the drudgery and embracing the passion for technology that got you started in the first place. In this presentation, I'll talk about what automation is, and how to approach implementing it in the context of IT Operations. Ned will discuss keys to success in the long term and include practical real-world examples. Ge...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
So the dumpster is on fire. Again. The site's down. Your boss's face is an ever-deepening purple. And you begin debating whether you should join the #incident channel or call an ambulance to deal with his impending stroke. Yes, we know this is a developer's fault. There's plenty of time for blame later. Postmortems have a macabre name because they were once intended to be Viking-like funerals for someone's job. But we're civilized now. Sort of. So we call them post-incident reviews. Fires are ne...
CloudEXPO New York 2018, colocated with DevOpsSUMMIT and DXWorldEXPO New York 2018 will be held November 12-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI and Machine Learning to one location.