Nidec Motor Corporation

The world’s leading comprehensive motor manufacturer, handling “everything that spins and moves”, from miniature to gigantic.

A DataServ Client since 2005

Key Results:

Key Stats:

Executive Summary

Nidec Motor Corporation is a global manufacturer of motors and control equipment for home appliances, industrial use, and consumer use with over $40.5 billion in annual revenue. Operating for over 50 years, Nidec encompasses approximately 300 subsidiaries, employing more than 100,000 people in 40 different countries.

In 2005, Nidec manually keyed at least 85% of their invoices across 3 different ERP systems. They were actively working with approximately 6,000 global suppliers and struggling to maintain accurate vendor information internally.

To eliminate these expensive and time-consuming problems, Nidec sought out a robust Accounts Payable (AP) solution to automate their heavily manual process, reduce paper, and provide consistency in an ever-growing organization.

Outcomes

Present day, about 87% of Nidec Motor Corporation’s invoice volume is PO-based. They receive an average of a 1-day turnaround time, with a 99.9% accuracy rate from DataServ’s invoice data capture solution and achieve nearly 83% touchless invoice processing with AutoVouch™.

Business Impact

All of Nidec’s invoices are now imported within 24 hours of receipt by DataServ’s Invoice Processing Machine, providing:

Instant visibility
Paper elimination
Reduced manual data entry

Nidec also benefits from AutoVouch™, DataServ’s pre-ERP three-way match solution, utilizing advanced Optical Character Recognition (OCR) technology to:

Automate the manual matching or “vouching” work
Increase accuracy & productivity
Reduce human touches
Improve payment punctuality

DataServ has been a constant for Nidec throughout many organizational changes; numerous acquisitions and a major transition from a centralized system to a decentralized shared services model. On a global scale, DataServ has helped Nidec to exert control over:

Process standardization & scalability
Increased controls and compliance

Thoughts from Nidec

“AutoVouch™ eased disruption in our workflow because it reduces the number of invoices in which facility personnel is responsible for reviewing and disseminating to the corporate branch. It significantly reduced the number of invoices that were being manually keyed. It wasn’t long before we could see a reduction in errors, while also seeing a decline in the number of invoice exceptions. This allowed the AP team to spend more time working on higher-value tasks.”

Yvonne Chambers, Accounts Payable Manager

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