UDK—ALWAYS FOCUSED ON DEDICATION, KNOWLEDGE, AND THE FUTURE Read more at www.udk.se MATCHING MAKES LKAB’S INVOICE PROCESSING MORE RELIABLE LKAB mines and refines iron ore for the global steel market. The group has sales of around SEK 30 billion annually and also deals in industrial minerals, drilling systems, rail transports, mining and mechanical engineering services, explosi- ves manufacturing, and real estate. LKAB employs over 4,000 staff in 14 countries. Each year their central accounts department in Sweden processes over 140,000 invoices. The majority of these are based on orders. Each order and incoming invoice need to be matched to ensure that the invoice contains what has been ordered and delivered. Here, information from the goods reception department plays an important role in confirming what has been delivered. Before automatic matching was introduced in 2006, in con- junction with the introduction of Movex/ M3, each invoice had to be matched with the corresponding order manually. Manual invoice matching in Movex/M3 Standard is time-consuming and difficult because LKAB buys both materials and services via purchase orders. There was clearly room for improvement here. When LKAB saw how a customi- zed solution could make its work both easier and more reliable, it sparked one of the largest projects initiated since the introduction of Movex/M3. Simplified Processing LKAB’s experience of the solution has been positive. Since the company began using the new interface for invoice matching, as designed by UDK and eCraft, the manual process of matching purchase orders with invoices has been simplified. What’s more, everything from the goods receipts to comments and informa- tion contained in purchase orders can now be viewed as one single entry. “Previously, we ran a standard installation of Movex/M3 and had to use up to ten different programs to do what we can now do in one program window thanks to a fully customized smartapp,” >> Simpler and more reliable. That was some of the feedback received from LKAB about their customized Movex/M3 solution. “Since the customization, we have saved money and time and have improved our working environment,” says Hans Thornéus, Business Solution Manager at LKAB’s Finance-Accounting. Facts about LKAB • Sales of SEK 30 billion annually and approx. 4,000 staff in 14 countries • 650 staff employed outside of Sweden • Mines and refines iron ore for the global steel market • In addition to Kiruna, LKAB is also the largest employer in the Malmberget, Svappavaara, Narvik, and Luleå com- munities. • The majority of LKAB’s iron ore pro- ducts are sold to European steelworks. Other important markets are North Africa, the Middle East, and Southeast Asia. LKAB’s industrial minerals are sold primarily in Europe and to emerging markets in Asia and the US. Hans Thornéus. Fotograf: Fredrik Alm SUCCESS STORY Customized Solution M3