- by me
Author: Peter Reiser - Social Business Evangelist, Oracle WebCenter
Solution SummaryTexas Industries, Inc. (TXI) is a leading supplier of cement, aggregate,
and consumer product building materials for residential, commercial,
and public works projects. TXI is based in Dallas and employs around 2,000 employees.
The customer had the challenge of decentralized and
manual processes for entering 180,000 vendor invoices annually. Invoice
entry was a time- and resource-intensive process that entailed
significant personnel requirements.
TXI implemented a centralized solution leveraging Oracle WebCenter
Imaging, a smart routing solution that enables users to capture invoices electronically with Oracle WebCenter Capture and Oracle WebCenter Forms Recognition to send the invoices through to Oracle Financials for approvals and processing.
TXI significantly lowered resource needs for payable processing,
increase productivity by 80% and reduce invoice processing cycle times
by 84%—from 20 to 30 days to just 3 to 5 days, on average.
Company OverviewTexas Industries, Inc. (TXI) is a leading supplier of cement, aggregate, and consumer product building materials for residential, commercial, and public works projects. With operating subsidiaries in six states, TXI is the largest producer of cement in Texas and a major producer in California. TXI is a major supplier of stone, sand, gravel, and expanded shale and clay products, and one of the largest producers of bagged cement and concrete products in the Southwest.
Business ChallengesTXI had the challenge of decentralized and
manual processes for entering 180,000 vendor invoices annually. Invoice
entry was a time- and resource-intensive process that entailed
significant personnel requirements.
Their business objectives were:
Increase the efficiency of core business processes, such as invoice
processing, to support the organization’s desire to maintain its role as
the Southwest’s leader in delivering high-quality, low-cost products to
the construction industry
Meet the audit and regulatory requirements for achieving Sarbanes-Oxley (SOX) compliance
Streamline entry of 180,000 invoices annually to accelerate processing,
reduce errors, cut invoice storage and routing costs, and increase
visibility into payables liabilities
Solution DeployedTXI replaced a resource-intensive, paper-based, decentralized process for
invoice entry with a centralized solution leveraging Oracle WebCenter
Imaging 11g. They worked with the Oracle Partner Keste LLC to develop a smart routing solution that enables users to capture invoices electronically with Oracle WebCenter Capture and then uses Oracle WebCenter Forms Recognition and the Oracle WebCenter Imaging workflow to send the invoices through to Oracle Financials for approvals and processing.
Business Results
Significantly lowered resource needs for payable processing through centralization and improved efficiency
Enabled
the company to process invoices faster and pay bills earlier, allowing
it to take advantage of additional vendor discounts
Tracked to
increase productivity by 80% and reduce invoice processing cycle times
by 84%—from 20 to 30 days to just 3 to 5 days, on average
Achieved
a 25% reduction in paper invoice storage costs now that invoices are
captured digitally, and enabled a 50% reduction in shipping costs, as
the company no longer has to send paper invoices between headquarters
and production facilities for approvals
“Entering and manually processing more than 180,000 vendor invoices
annually was time and labor intensive. With Oracle Imaging and Process
Management, we have automated and centralized invoice entry and
processing at our corporate office, improving productivity by 80% and
reducing invoice processing cycle times by 84%—a very important
efficiency gain.”
Terry Marshall, Vice President of Information
Services, Texas Industries, Inc.
Additional Information
TXI Customer Snapshot
Oracle WebCenter Content
Oracle WebCenter Capture
Oracle WebCenter Forms Recognition
