{"id":65605,"date":"2021-07-01T09:52:54","date_gmt":"2021-07-01T08:52:54","guid":{"rendered":"https:\/\/www.cashontime.com\/en\/?p=65605"},"modified":"2025-12-03T18:32:04","modified_gmt":"2025-12-03T17:32:04","slug":"bureau-veritas-lettering-automatic","status":"publish","type":"post","link":"https:\/\/www.cashontime.com\/en\/customers\/bureau-veritas-lettering-automatic\/","title":{"rendered":"Bureau Veritas chooses CashOnTime for automatic matching of its 20,000 monthly transfers"},"content":{"rendered":"

We have gained 0.8 FTE (Full Time Equivalent), which has enabled us to organize customer accounting differently and work on quality.<\/p><\/blockquote>\n

Bureau Veritas, world leader in QHSE services<\/h2>\n

Founded in 1828, the Bureau Veritas Group has set itself the goal of \u201cseeking the truth and telling it without fear or favour\u201d. The Group\u2019s business consists of inspecting, analyzing, auditing and certifying products, assets (buildings, equipment, ships, etc.) and management systems against regulatory or voluntary standards.<\/p>\n

The Group is the world leader in QHSE (Quality, Health, Safety, Environment) services, excluding raw materials inspection, and employs over 40,000 people in 900 offices worldwide.<\/p>\n

More than 10,000 monthly transfers captured by hand<\/h3>\n

\"virementsEvelyne Rieu, Accounts Receivable and Treasury Manager, explains that \u201cevery month, the French accounting department receives more than 20,000 transfers, representing over 55% of customer cash receipts\u201d. An internally developed solution enables the group to automatically match 50% of these transfers. But for Evelyne Rieu, \u201cit\u2019s not enough. 10,000 transfers are still entered manually into the JD Edwards ERP system, and processing and query times are too long.<\/p>\n

Choosing CashOnTime Allocation<\/h2>\n

At a quarterly meeting attended by the heads of Lyon\u2019s accounting and financial shared centers, Nathalie Barbier from Bureau Veritas met Sylvie Barcelo-Natale from Adecco. The latter extols the merits of CashOnTime Allocation, which has resolutely changed her daily routine.<\/p>\n

Evelyne Rieu attended a presentation of the solution at the DIMO 2008 Forum. She went to see the tool in action at Adecco and was quickly convinced of the productivity gains offered by CashOnTime Allocation.<\/p>\n

A quick introduction to the tool<\/h2>\n

After a scoping meeting, interfacing with JD Edwards, enrichment of third-party databases and testing phases, the solution is working perfectly.<\/p>\n

Evelyne Rieu explains that the ergonomics of the tool enabled her team to get to grips with it quickly. She also praises the collaboration with DIMO Software: \u201cThroughout the project, we were very close to the DIMO Software teams, who were extremely flexible. They listened to our needs and adapted the tool to our organization and constraints\u201d.<\/p>\n

Convincing results<\/h2>\n

\"resultatsNow, 80% of the 20,000 monthly transfers are automatically matched to JD Edwards. The remaining 20% are matched by a team of 7 people. They are supported by CashOnTime Allocation, which enables them to carry out instant searches. \u201cCompared with the solution we used previously, we\u2019ve gained in terms of the speed of response to queries, and we can query on more criteria,\u201d explains Evelyne Rieu.<\/p>\n

For Bureau Veritas\u2019 Accounts Receivable and Treasury Manager, the benefits are obvious: \u201cCashOnTime Allocation has really breathed new life into my team.<\/p>\n

The time saved and the reliability of the matching<\/a><\/strong>\u00a0performed have improved the team\u2019s productivity. \u201cWe have gained 0.8 FTE (Full Time Equivalent), which has enabled us to organize customer accounting differently and work on quality\u201d.<\/p>\n

Evelyne Rieu confirms that CashOnTime Allocation has contributed to the reorganization of her department. \u201cPreviously, transfer processing was distributed within my team by geographical zone, using department codes. Recently, this distribution has been done alphabetically by portfolio. This allows us to easily analyze the allocation of payments to be processed\u201d.<\/p>\n

This reorganization, combined with the CashOnTime Allocation solution, enabled the team to work more consistently and gain in productivity. Evelyne Rieu points out that \u201cby putting together all the costing elements, she was able to estimate that the overall ROI for the project was 18 months (excluding Citrix license costs)\u201d. This proves that CashOnTime Allocation is a highly profitable investment.<\/p>\n

\u00a0<\/p>\n

Want to find out more about the CashOnTime<\/strong> solution?<\/p>\n

CONTACT US<\/a><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

We have gained 0.8 FTE (Full Time Equivalent), which has enabled us to organize customer accounting differently and work on quality. Bureau Veritas, world leader in QHSE services Founded in 1828, the Bureau Veritas Group has set itself the goal of \u201cseeking the truth and telling it without fear or favour\u201d. The Group\u2019s business consists […]<\/p>\n","protected":false},"author":1,"featured_media":66290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Bureau Veritas boosts its automatic matching rate","_seopress_titles_desc":"To boost productivity, the world leader in QHSE services chose CashOnTime to automatically match its 20,000 monthly 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