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Like the precious metals that it works with, Metalor itself has been reshaped many times in its 160-year history. Over the years, Metalor’s core processes have evolved alongside the changing size and scope of the business but they remained dependent on the use of paper, email and fax. Metalor decided to automate key business processes to help improve its efficiency and financial control and, at the same, reinforce health and safety procedures. Using K2, Metalor has succeeded in fully automating its capital expenditure process and dramatically simplifying what was a highly complex and time-consuming procedure — what used to take three months now can often be accomplished in a week.
“There is a standard process for capital expenditure now,” said Jean-Phillippe Steullet, senior IT developer. “And, if we have a financial audit, all of the information is in one place, so we can easily demonstrate good financial control.”
Benefits: Capital expense approval process cut from up to three months to as little as one week