|
Invoice Automation Takes Off at ExpressJet Holdings, Inc. Expanding Regional Carrier Publishes PNet ePayables Success Story January 7, 2008 – ExpressJet Holdings, Inc. (formerly Continental Express Subsidiary) recently participated in a PurchasingNet, Inc. (www.PurchasingNet.com) Success Story on their PNet ePayables Software implementation. ExpressJet described how the Web-based PNet ePayables application allowed them to support rapid growth, streamline their invoice processing, on-board key suppliers, and migrate off of Continental’s system. Before 2006, ExpressJet Holdings, Inc.’s Accounts Payable operations were a combination of manual and semi-automated processes. Although ExpressJet used Lawson’s Financial Software for some categories of spend, the Controller found that the system was not the right fit for certain types of expenses — namely services, aircraft maintenance, facilities, and operating costs. They needed to streamline the invoice approval process in these categories and find a solution that would make it easier to “on-board” their key suppliers. As ExpressJet had some experience with Invoice Automation using Continental’s “home-grown” system, Web A/P, they knew they needed a scaleable, best-of-breed application that offered an intuitive Supplier Invoice Portal. By selecting and implementing PNet ePayables Software, ExpressJet has been able to:
“PNet is an important part of the efficiency and increased productivity within ExpressJet,” stated John Case, IT Business Partner, ExpressJet Airlines. These process improvements have allowed for the business to expand without any significant increases in A/P headcount. “The company has revenues of $1.7 billion — with only four FTE A/P employees. The ratio of revenue to AP overhead is the most favorable we’ve seen,” noted Tim McEneny, President & CEO PurchasingNet, Inc. To view a .PDF of the complete Success Story “Invoice Automation Takes Off at Expanding Regional Carrier,” click here now. About ExpressJet Holdings, Inc. Headquartered in Houston, Texas, ExpressJet Airlines is one of the world’s largest operators of regional aircraft, offering both commercial and corporate service. ExpressJet Airlines has 274 planes in service to over 175 destinations in North America and the Caribbean, resulting in 1,500 departures per day. The division has 18 maintenance bases across the United States and approximately 60 airport locations. The carrier currently has over 8,000 employees. In 2006, the business flew 8.9 billion revenue passenger miles, had a passenger load factor of 78 percent, and a controllable completion factor of 99.84 percent. The company’s published 2006 revenues were $1.7 billion. About PurchasingNet, Inc. PurchasingNet, Inc. is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing and a variety of other industries. Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee. PurchasingNet's customers include Countrywide Financial, US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills. For Details, Contact: Erinn Tarpey |