WP Beverages Honored with 2023 Innovation Award by Naviant
VERONA, WI.; NEW HARTFORD, NY; SYRACUSE, N.Y.; ROSEVILLE, CA.; MIDDLEBURG HEIGHTS, OH; OREM, UT; RENO NV — May 17, 2023 — WP Beverages, a beverage distributor headquartered in Madison, WI, was honored by Naviant Inc Wednesday morning at the 2023 Naviant Summit for its outstanding achievements in Digital Transformation. WP Beverages was awarded the 2023 Innovation Award and recognized for the creative and highly successful innovative uses of its OnBase document management and ABBYY capture solutions.
The criteria for the prestigious Innovation Award are based on how the solution has changed the way the organization does business, the return on investment, and the extent to which the organization is using the solution to meet broader organizational goals. Additionally, the award’s criteria consider the level of innovation and creativity present in the organization’s development, use, and vision for the solution.
WP Beverages, a beverage distributor committed to providing superior products and exceptional service to its clients, was awarded for its creative, impactful use of the OnBase intelligent process automation solution and the ABBYY capture solution in its accounts payable department and beyond. Before implementing its solutions, the company’s accounts payable department processed invoices manually, which meant that invoices were being emailed or mailed back and forth, requiring a lot of manual coding.
Today, OnBase has become a critical efficiency driver for WP Beverages’ Accounts Payable department. This solution, supplemented with ABBYY capture, has supported the company in its journey to reduce the number of touchpoints and degree of manual intervention associated with its accounts payable process. It has also increased WP Beverages’ visibility into its processes.
On the difference the solutions have made, Shawn Montanio, Director of Finance and Accounting at WP Beverages, said, “The biggest [efficiency] is transparency. People just understand processes better, which makes us more efficient, and obviously better with communication. Being able to obtain information quicker is key.” Regarding WP Beverages’ goal to reduce the number of touchpoints regarding AP processing, Montanio said, “We basically cut down our time, from an enterprise standpoint, by at least 50%.”
To take its AP process improvement even further, WP Beverages recently turned to ABBYY FlexiCapture. Since WP Beverages handles a wide variety of invoice and document types, they previously had an accounts payable employee who spent 20+ hours a week monitoring the front end of the AP process. ABBYY’ capture solution, which they’re about to go live with, is set to drastically reduce that time commitment to allow the employee to pursue more value-added work. So far, the response from the WP Beverages Accounts Payable team has been positive. Montanio remarked, “Nothing but great responses from my team, the processes have gone very smoothly.”
“We are very excited to be awarding the 2023 Innovation Award to WP Beverages in recognition of their continued proven ability to find new ways to utilize and optimize their OnBase solution using ABBYY and other innovative enhancements,” said Michael Carr, President & CEO of Naviant. “Naviant is proud to support WP Beverages’ continued initiatives and sees them as an exceptional example of digital transformation excellence to inspire all organizations striving for innovative change.”
Looking to the future, WP Beverages is looking to further modernize and enhance its current setup’s experience. The team is currently exploring the use of OnBase for contract management, customer service onboarding, and vendor onboarding.
Naviant is a nationally recognized intelligent automation solutions integrator and business process consulting organization with over 35 years of experience. We help our clients do more with less by using technology to streamline processes and gain visibility into the data they need to make better decisions.
Our “process-first” approach emphasizes the importance of process improvement before implementing technology solutions such as OnBase, Brainware, the ABBYY intelligent capture platform, and Hyland RPA. We also offer flexible Managed IT Services, where our team of experts can manage, enhance, or expand our clients’ OnBase or ABBYY solutions.
We are proud to be a top-tier partner for Hyland’s OnBase, a single enterprise information platform for managing content, processes, and cases. OnBase combines ECM, case management, business process management (BPM), records management, compliance, and capture functionality on a single platform. To learn more about Naviant, please visit naviant.com. Process focus. Excellence.