Released on: December 13, 2007, 6:09 am

Press Release Author: Version One

Industry: Food & Beverage

Press Release Summary: Anglo Beef Processors implements Version One\'s full portfolio
of solutions to streamline finance processes

Press Release Body: Anglo Beef Processors (ABP), the largest processor of Beef in
the UK, is streamlining its accounts payable processes, significantly improving cash
collection and freeing-up a significant amount of credit controllers' time, by
implementing document management and imaging software. This software from Version
One (www.versionone.co.uk), which will be tightly integrated into ABP's Movex ERP
system, enables the electronic creation, delivery, authorisation and storage of
incoming and outgoing documents including invoices, proof of delivery documents
(PODs) and statements. ABP is also implementing Version One's intelligent document
processing system for the automated capture of data from purchase invoices, farmer
records and timesheets.



ABP, which supplies beef to leading European retailers including Sainsbury's and
Asda, is rolling-out Version One's full portfolio of solutions across ten sites.
Dave Barratt, Group MIS Manager from ABP says, "Our accounts payable and accounts
receivable processes are manual-based making them inherently time-consuming and
prone to error. By implementing document management and imaging technology which
will be tightly integrated into our Movex system, we're automating these processes,
eliminating paper-chasing whilst making substantial time and cost savings."



Barratt continues, "Administration tasks will be removed from credit controllers'
everyday roles including the photocopying, manual retrieval, posting and re-posting
of invoices, statements and PODs, freeing-up much of their time. With this
additional time, they'll be able to focus on improving customer relations and
keeping better control on customer payment patterns, which will improve cash
collection."



With the new systems in place, purchase invoices, supplier goods received notes,
PODs, timesheets and more than 18,000 annual farmer records will be imaged using a
Kodak i160 scanner and then stored in the electronic archive. Outgoing documents
including sales invoices and statements will also be automatically stored in the
archive, and these together with the imaged documents will be instantly accessible
to authorised staff over the Intranet and by drilling down through Movex. In the
future, customers and suppliers will have access via a secure Internet link



The approval of supplier invoices, which currently involves managers across the ten
sites physically signing each invoice, is being replaced with an electronic
authorisation solution. The relevant approvers will be automatically emailed with
notification that there is an invoice for approval. They will then be able to view
the imaged invoice and approve, reject or query it directly from the desktop. Not
only will this prevent hard copy invoices from going missing, it will provide a
comprehensive record of who approved what and when and speed-up invoice payment
processing.



Barratt says, "As customers will have PODs, statements and sales invoices
automatically delivered to their inbox or fax machine within seconds and will be
able to quickly and securely access these documents over the web, this will further
speed up cash collection. Version One's systems will also save us thousands of
pounds in postage, stationery and third party archiving costs and will enable
offices that are currently cramped with filing cabinets and document storage
containers to be freed-up, making for a better working environment."



Being committed to reducing its environmental footprint, ABP is pleased that by
going paperless, its green agenda is also being supported. Barratt explains, "Each
year, we have to provide evidence that we are actively trying to reduce the impact
of our business operations on the environment. Version One's paperless office
systems significantly contribute towards our green agenda, helping us to build a
more environmentally-friendly organisation."



-Ends-



Notes to Editor



About Anglo Beef Processors (ABP ) www.anglobeef.com

ABP has an annual turnover of £500 million supplying fresh and frozen meat and meat
products to multiple retailers, food manufacturers and caterers.



ABP currently processes over 15% of all beef cattle produced by UK farmers and has a
range of premium brands which include Scotch Prime, Herdsman and the Jamie Oliver
range of matured beef for Sainsbury's.



ABP is part of the IFP group of companies which is the biggest meat processor in the
EU.



About Version One www.versionone.co.uk out Version One
Version One Ltd is the author of electronic document management and imaging
software. These solutions enable the automated electronic storage, retrieval,
management, enhancement and document delivery of business documents such as
invoices, purchase orders and statements. This \'paperless office\' technology is
seamlessly integrated into all major ERP and accounting systems and with a typical
ROI of less than six months, Version One\'s solutions are enabling thousands of
organisations to save dramatic amounts of time and money.



Contacts:



Liz Ebbrell, Version One

Liz.ebbrell@versionone.co.uk

+44 (0)1625 856505 or 07917 634 705




Web Site: http://www.versionone.co.uk

Contact Details: Liz Ebbrell
PR Manager
Version One
+44(0)1625 856505
liz.ebbrell@versionone.co.uk
www.versionone.co.uk