Hadwiger talks about the value and benefits of being paperless in the cloud. He states that “GT Nexus value was recognized right away with Crocs. Crocs is a growing company, growing about 15%. We were taking invoices from our suppliers and it was taking us a minimum of 26 days to process those invoices. GT Nexus allowed us to cut that cycle time down to .5 days. I didn’t have to expand my AP department. I actually lowered them from 5 full time employees to .25 for support and .5 to run the GT Nexus platform.”
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Bridges Insights 2013: Scott Hadwiger Director of Financial Systems & Processes, Crocs
Published by Uma Rajagopal
Posted on September 13, 2013
1 min readKey Takeaways
- Adopting paperless, cloud‑based invoice processing dramatically reduced Crocs’ invoice cycle time from 26 days to half a day.
- Efficiency gains allowed Crocs to downsize its AP staff from 5 full‑time employees to just 0.25 for support plus 0.5 to operate the platform.
- Implementing GT Nexus enabled scalable operations and significant cost savings without sacrificing performance.
References
Frequently Asked Questions
What problem did Crocs face before using GT Nexus?
Invoice processing took a minimum of 26 days, causing delays and inefficiency.
How much did cycle time improve after GT Nexus implementation?
Cycle time was reduced from 26 days to 0.5 days.
What staffing changes occurred due to this improvement?
Crocs reduced its AP department from five full‑time employees to a total of 0.75 FTE for support and platform operation.
What is the key benefit of going paperless in the cloud?
It greatly speeds up processing cycles and reduces staffing and operational costs.
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