Tel: +1 (857) 208 7284
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Three-Way Matching in 1 Click

2x Invoice Volume, Same Team

Maximized Early Payment Discounts

As a manufacturer we had to physically mail packing slips and sign POs to our headquarters to complete the matching process. Not anymore.”

Daniel Schoenknecht , Director of Accounting, Ortho Molecular Products

Challenge

Ortho Molecular Products faced significant challenges with their manual AP process, particularly in managing their complex three-way matching system, which involved matching packing slips, purchase orders, and invoices to process vendor payments. The physical separation between their manufacturing facility and corporate headquarters further complicated this process, requiring documents to be mailed to Woodstock, Illinois, for reconciliation.


This reliance on manual processes led to frequent delays in vendor payments, strained vendor relationships, and missed opportunities to take advantage of early payment discounts. Additionally, the lack of a centralized system made tracking duplicate invoices nearly impossible, resulting in inefficiencies and unnecessary vendor follow-ups. These issues not only disrupted operational workflows but also jeopardized vendor partnerships essential to the company’s supply chain.

Solution

To address these challenges, Ortho Molecular Products implemented SoftCoAP. By centralizing invoices, purchase orders, and bill of lading documents within a single platform, SoftCo streamlined their AP workflow.


The automation enabled three-way matching with just a click, significantly reducing manual intervention. Features like smart match, smart coding, and smart routing further enhanced efficiency, ensuring timely invoice approvals and payment processing. These improvements restored the company’s ability to capitalize on discounts and improved vendor relationships. The user-friendly interface provided an intuitive experience, making the transition seamless for the team.

Results

The implementation of SoftCo’s solution delivered transformative results for Ortho Molecular Products.

  • Automated 80% of invoices, reducing manual intervention and increasing efficiency.
  • 2x invoice volumes without adding staff, ensuring scalability.
  • Improved visibility into invoice statuses, allowing swift bottleneck resolution.
  • Enhanced vendor relationships with timely, accurate payments and consistent early discount utilization.

Information

Industry:Manufacturing
Solution:AP
Regions:US & Canada
Employees:300
Invoices:30,000 per annum
ERP System:Microsoft Dynamics NAV

Founded in 1989, Ortho Molecular Products specializes in manufacturing and wholesaling dietary supplements. Their primary customers are healthcare practitioners, providing high-quality products designed to support health and wellness.

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“We weren’t able to take discounts and, in some cases, couldn’t order from vendors because we weren’t paying on time. This is no longer an issue.”

KJ Whigham, Accounts Payable Manager, Ortho Molecular Products

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Hear what our customers say

sunnyD
Rather than just technically describe an issue, SoftCo knew the functional problems we had
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SoftCo enabled us to quickly gain control over our AP process after switching to remote working,
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The SoftCo AP system has been faultless, reducing our invoice query times by 75%.
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SoftCo has created a frictionless process, saving considerable time and effort.
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We chose SoftCo to address our P2P requirements because of their proven expertise.
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SoftCo has fulfilled everything that we were looking for, and more.
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SoftCo allows us to bring a more compelling proposition to our clients.
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With SoftCo we have a system capable of fully managing our document lifecycles.
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We have implemented a project that has progressed as planned and within the planned budget.
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SoftCo Procure-to-Pay has delivered a ROI within one year, helping in our global expansion.
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With SoftCo, we’ve increased reimbursements and reduced costs. That’s good for our bottom line.
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Because staff act faster, we can pay suppliers faster and have better relationships with them.
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SoftCoAP has delivered us direct savings, giving a lot more confidence in our year-end.
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SoftCoP2P has allowed us to reduce invoice processing times by 70%, reducing costs and time.
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Our goal is to reach 90% automation with the procurement and invoice handling.
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We chose SoftCo because of their expertise in procure-to-pay and their prior experience.