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AEGON Group

Insurance Company Cuts the Paper Chase for Invoice Management

AEGON Group logo

AEGON reduces invoice processing by weeks, achieves cost-savings with centralized OpenText Case360 integrated with PeopleSoft

In terms of the ROI, we expect that the largest savings will be realized by centralizing as many purchases as possible with our preferred suppliers, as well as the internal efficiency improvements.

Erwin van Kemenade, Manager of Central Invoice Processing, AEGON

Challenge

  • Manual management of 50,000 inbound invoices annually
  • Lack of visibility
  • Cost of invoices
  • Costly delays

Product(s)

Value

  • Reduced lead time by one month
  • Increased control of business processes
  • Realized cost-savings through efficiency and centralization

About AEGON Group

AEGON is a leading insurance company that offers a broad range of financial services. This includes collective and individual pensions, life insurance, mortgages, non-life insurance, health insurance, funeral insurance, capital management, saving, and investing services. Worldwide, AEGON employs 29,000 people who realize over 36 billion euros annually. Around 20 percent of this amount is generated in the Netherlands.