Implementation of a platform to improve cash flow in a leading sustainable steel company

Intelligent automation to optimize financial processes in Colombia

The value of preventive management

Entelgy has optimized the management of Cloud Infrastructures for some of the largest organizations in Spain and LATAM, establishing a unique operating model that optimizes resources, improves efficiency and ensures business continuity through artificial intelligence and process mining.

Simplicity

Simpler and more accessible processes in financial management.

Agility and efficiency

Reduction of document processing times, maximizing benefits.

Digital transformation

Advanced automation that drives innovation and sustainability

Entelgy and OpenText worked together to offer a solution that revolutionized financial management, aligning with the company’s strategic objectives.

CHALLENGE

The Financial Optimization Strategy of a Colombian Sustainable Steel Company

A leading Colombian sustainable steel production company faced the need to modernize its invoice management. Its objective was to automate the receipt, approval and payment processes, as part of a comprehensive digital transformation strategy. In addition, it sought to optimize cash flow, reduce operating times and ensure regulatory compliance, improving the efficiency of its financial processes.

SOLUTION

The company relied on the implementation of SAP Invoice Management by OpenText, a solution designed to transform invoice management through automation and digitalization. This tool allowed:

Automate processes

such as routing, approving and releasing payments, increasing productivity and facilitating a higher volume of transactions.

Streamlining workflows

through reminders and alerts, ensuring a faster and more efficient payment cycle.

Generate reports

accurate and accessible in real time, offering automated access to supplier information.

Compliance with local regulations

managing supplier invoices with predefined rules that reduce errors and associated risks.

CUSTOMER BENEFITS

Financial Automation

The implementation of this platform marked a turning point in the company’s financial processes. The simplification of document and invoice management allowed for the optimization of resources, while automation streamlined the time required for each operation, taking advantage of discounts for early payments.

Furthermore, the digital approach powered by advanced technologies, such as machine learning , increased document recognition rates, significantly reducing manual effort. This model not only improved cash flow and financial management but also laid a solid foundation for future digital transformation projects.