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Published on: March 2008
Type of content: CASE STUDY
Format: Adobe Acrobat (.pdf)
Length: 4 pages
Price: FREE

Overview:
Deploying Expensewatch.com has enabled Copart to refine its financial processes to support greater profitability, increase employee productivity, and decrease approval cycles. Key benefits from the solution include:

• Reduced procurement costs. Greater visibility has enabled Copart to both reduce rogue spending and improve vendor negotiations.


• Increased employee productivity. With the automation of internal financial management, employees no longer have to manually deliver and seek approvals for invoices, requisitions, and purchase orders. Automatic report generation, attached document options, and internal controls have enabled employees to save a significant amount of time each day.


• Reduced administrative costs. By automating the distribution of document delivery and approval, Copart has reduced paper, printing, and storage costs.


• Decreased payment and approval cycles. Expensewatch.com has enabled Copart to reduce payment, approval, and reimbursement cycles from days to an hour while streamlining expense-related processes.