Ten years ago, the Accounts Payable team began a journey with Tungsten (formerly OB10) to improve AP processes and eliminate the paper invoice footprint.
That goal is nearly a reality as the department processed 93% of its invoices electronically in 2014 through a partnership with Tungsten Network.
“Accounts Payable is an extremely paper heavy department,” Corporate Shared Services and MDM Director Mark Dailey said. “We’re talking hundreds of thousands of invoices a year that are difficult to handle and costly to process.”
The partnership with Tungsten enables vendors to enroll directly into a program, which takes invoice files and converts them into electronic templates that are seamlessly uploaded into Mohawk’s internal accounting software. This partnership has reduced costs, decreased errors, increased efficiencies and been influential in helping Mohawk win Tungsten’s annual 100 Percent Award, presented to the organization most committed to all invoices being processed electronically.
“What makes Mohawk stand out the most is a commitment to process improvement and cost savings,” said Tungsten Client Relationship Manager Ryan Enright. “Ninety-three percent of invoices at Mohawk came in electronically last year so obviously that commitment has paid off in major dividends.”
He attributed much of Mohawk’s success to the excellent leadership and foresight of Mark Dailey, Burt Wingfield, Kim Callahan and Kimberly Burgans.
“Tungsten values the relationship that it feels it uniquely enjoys with Mohawk Industries,” said Rick Hurwitz, Tungsten’s CEO for the Americas. “Their results in removing paper from their payables process is a testament to their progressive, cost-conscious culture paired with their organizational commitment to make Tungsten's electronic invoicing network the only acceptable means of submitting invoices.”