NCC

Standardized payment process irrespective of the bank or country.

 
 
DOWNLOAD CASE STUDY

NCC is a construction and property development company which pays 1.4 million supplier invoices each year for everything from building material and work clothes to machinery. The payment of invoices happens through a “shared service centre” in which all financial administration takes place and which is used for companies in four Nordic countries. There is a considerable amount of work involved as processing is taken care of manually and many banks handle the payments.

 

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Challenge

Handling 1.4 million invoices annually through a shared service center for companies in 4 countries required too much manual work.

 
Solution

The solution now takes care of all the payments. The payment process has been standardised, irrespective of the bank or country. Everything is handled with a standardised interface. NCC now has a good overview of the whole process and better control of cash flow and liquidity.

 

We have already saved time and resources that we can now use better in other parts of our operations.

Nina Brun
NCC Treasury

 

From manual to automatic


The starting point

NCC wanted a supplier who could automate everything from bank statistics to archiving for a fast and secure integrated process. A clear goal was greater control over account authorizations – to have them in one place. Administration of these also needed to take place in a uniform way. Another aim was a single login and a standardized user interface for all types of payments at all banks.

They offered the best solution for our complex needs. We have already saved time and resources that we can now use better in other parts of our operations.

Nina Brun, Head of backoffice at NCC Treasury.

The solution

We and NCC worked together to define which building blocks were needed in the construction of the solution. Payment Factory centralizes the majority of supplier payments into one process with a standardized user interface – irrespective of whether the transaction is going to a supplier via a bank in Finland, Sweden or Denmark. NCC now saves time and money, has more control over cash flow and avoids the risks that are involved in manual work. The project is being developed further.

We soon realized that the solution was to collect everything in one place, which allowed us to automate more. NCC used to archive its receipts in paper format. Now, many meters of shelves containing files and countless hours of work every year have been replaced with the press of a button.

Peter Arrman, Head of Solution Consulting at Nomentia

From partial view to overview

NCC had an extensive administrative process and payments were handled in different ways depending on which country and bank were involved. The Payment Factory solution now takes care of all the payments. This means that the payment process has been standardized, irrespective of the bank or country. Everything is handled with a standardized interface. NCC now has a good overview of the whole process and better control of cash flow and liquidity. NCC is one of the leading construction and property development companies in the Nordic region. NCC is active throughout the value chain in its work to create environments for work, life and communication. NCC develops and builds residential and commercial properties, industrial facilities and public buildings, roads, civil engineering structures and other types of infrastructure. NCC also offers materials used in construction, such as aggregates and asphalt, and conducts paving and road services.