Hecla Mining Company, the No. 1 U.S. silver producer, picks Astra’s FastAP for IFS to automate AP

Hecla Mining, the largest primary producer of silver in the United States, has purchased Astra’s AP automation solution for the IFS community, FastAP for IFS, and has chosen Astra to implement FastAP starting in the third quarter of 2012
Spread the Word
Listed Under

Ap Automation
IFS Applications
FastAP for IFS


Tucson - Arizona - US


Sept. 10, 2012 - PRLog -- Founded in 1891 and listed on the New York Stock Exchange for over 40 years, Hecla Mining receives and processes supplier invoices at multiple sites within the United States.  This operational necessity created problems of poor visibility and slow cycle time on top of the cost and inefficiency of  handling, storing and searching for paper invoices.  

“We had an excellent staff and a lean operating model pushing a cumbersome, paper based process,” remarked Alan MacPhee, Hecla’s Controller.  “We decided to automate AP in order to create a faster, more manageable process flow and to free our staff for higher value add activities.  FastAP For IFStm was the right solution at the right price, and we see it as a valuable part of our IFS ERP system.”

FastAP delivers an end-to-end solution for automating supplier invoice processing within IFS. The solution provides:

        √   Advanced data capture using INVOICES by ReadSoft, a global leader in the AP
        √   Astra’s APConnectfor IFS to map and transfer the invoice data and images
             between INVOICES and IFS Financials.    
        √  The IFS Supplier Invoice Workflow Module (e-invoice) to automate 3-way invoice
             matching and authorization routing.  Its management tools include process
             reporting analytics, in-process invoice visibility, flexible workflows and built-in
             audit trails.  

“We are looking forward to working with Hecla and kicking-off the implementation of FastAP this quarter,” said Naren Velu, President and CEO of Astra.  “Our automation solution provides an excellent ROI, and it isn’t always driven by head-count reduction.  Savvy companies like Hecla are using FastAP as the engine that drives a redesigned process flow in AP in order to achieve KPI levels that are unreachable with manual processing.  At the same time, their experienced staff can now focus their valuable time on business process analytics and further process improvements.”  

About IFS
IFS is a public company (OMX STO- IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology.  IFS focuses on industries where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects.  The company has 2,000 customers and is present in more than 60 countries with 2,800 employees in total.  For more information about IFS, please visit: http://www.IFSWORLD.com

About Astra
Astra, Inc. was established in 2007 and is headquartered in Tucson, Arizona, with an offshore fulfillment center in Chennai, India. Astra specializes in enabling companies to leverage the power of their enterprise application investments.  It provides packaged and custom consulting services related to all aspects of implementing and getting the best use of enterprise systems throughout their life cycle.  For more information about Astra, please visit: http://www.astra-us.com

For More information, Please Contact:

Naren S. Velu, President & CEO
Tel: (M) 520-971-2714
Email: naren@astra-us.com

George Hardy, Vice President
Tel: (L) 323-522-5519 (M) 602-733-9591
Email: george@astra-us.com
Email:***@astra-us.com Email Verified
Tags:Ap Automation, E-invoicing, IFS Applications, ReadSoft INVOICES, FastAP for IFS
Industry:Accounting, Software
Location:Tucson - Arizona - United States
Account Email Address Verified     Disclaimer     Report Abuse
Astra, Inc. PRs
Trending News
Top Daily News
Top Weekly News

Like PRLog?
Click to Share