New Belgium Brewing Accounts Payable Transformation

This case study details the transformation of New Belgium Brewing's accounts payable (AP) processes through the implementation of KnowledgeLake's AI-powered cloud-based invoice automation solution. Faced with inefficiencies from manual invoice processing and a legacy on-prem SharePoint workflow, the brewery sought to modernize its operations to accommodate growth. The AP team was overwhelmed, with approximately 90% of invoices requiring manual input, leading to delays and errors. The transition to KnowledgeLake resulted in a significant reduction in invoice processing time from 38 seconds to just 10 seconds, with 85% of invoices processed without manual intervention. The implementation also led to measurable cost savings by eliminating the need for a complex legacy system and reducing labor costs. KnowledgeLake's automation has improved operational efficiency, allowing employees to focus on strategic tasks while enhancing overall productivity and resource utilization across various departments.