Case Study: A Switch to Electronic Invoices Cuts Costs for Tim Hortons

Transcepta's e-invoicing system is designed to manage the A/P department of a company as large as Tim Hortons — as of October 2010, Tim Hortons had 3,703 restaurants, including 3,082 in Canada and 567 in the U.S. By having its suppliers send their invoices electronically, Tim Hortons realized several benefits, including reduced A/P costs, more productive employees and the elimination of nonvalue-added elements of the invoice to payment cycle (i.e., vendors get paid faster and Tim Hortons gets a better real-time analysis of available cash flow).