Leading Australian insurance distributor, Greenstone, chooses Valtatech to implement new back office and procurement function

– VALTATECH TO IMPLEMENT COUPA PROCURE TO PAY, SUPPLIER INFORMATION MANAGEMENT AND VALTATECH E-INVOICING SOLUTIONS FOR GREENSTONE; INSURANCE DISTRIBUTORS OF BRANDS INCLUDING REAL INSURANCE, AUSTRALIAN SENIORS, RSPCA PET INSURANCE, MEDIBANK LIFE INSURANCE AND GUARDIAN INSURANCE

Greenstone Financial Services (Greenstone), a leading Australian insurance distributor of several well-known insurance brands, has chosen financial process automation experts, Valta Technology Group (Valtatech), to implement, integrate and manage its new Procure to Pay (P2P), supplier information management (SIM) and Peppol e-invoicing solutions.

The insurance distributer has selected Valtatech to both manage its companywide Coupa P2P and SIM module roll-out and implement its own Peppol e-invoicing solution. Implementation of all three solutions will enable Greenstone’s procurement, accounting, finance, and legal teams to drive efficiencies and gain control over the wider business’s previously paper-based procurement, supplier management and invoicing systems thereby improving the Greenstone’s visibility and control over spend; while boosting its ability to satisfy audit demands and reduce costs.

Valtatech’s proprietary e-invoicing solution is a certified Peppol Access Point, which will enable more of Greenstone’s customers and partners to adopt paperless e-invoicing thereby replacing handwritten or scanned PDF invoices and enabling more of the distributor’s procurement spend to be conducted digitally via purchase orders.

Graeme Booth, CFO from Greenstone, says: “Our ongoing partnership with Valtatech will improve our ability to manage our procurement activity and pipeline, giving our teams the visibility and insights they require to improve risk mitigation, due diligence processes and governance; while providing cost savings opportunities and contributing to our CSR environmental goal in moving to largely eliminating paper waste in our day to day operations. Alongside driving improved efficiency in our purchase to pay transactions, invoicing and supplier management processes; our chosen blend of technology, coupled with Valtatech’s extensive cloud and digital transformation experience, mean we can set up the new system with very little disruption to the business or our partners.”

Jussi Karjalainen, Founder and Managing Partner of Valtatech, says: “There has never been a more critical time for finance and procurement leaders to regain control of their procurement and invoicing functions. Now more than ever, back-office and procurement teams are tasked with demonstrating measurable business value and driving real efficiencies, without disrupting their business operations. As procure to pay and source to pay automation experts, we can help organisations, like Greenstone, to adopt best practice and select the right solutions for their needs.”

About Valta Technology Group

Valtatech partners with companies around the world to simplify their operations, control their spend and focus on value coming in rather than costs going out. Our team has completed more than 60 financial transformation and Shared Services projects in Europe and Asia Pacific that deliver measurable value. Our difference is to understand your business, match the best technology and implement it to your requirements. We leverage our expertise of best practice, a deep knowledge of successful transformation technology implementation for Procurement automation, AP automation to transform your finance and procurement functions.

About Greenstone

Greenstone specialises in harnessing technology and data analytics in order to design, market, distribute and administer personal insurance products. Greenstone offers products in the life, funeral, income protection, pet and general insurance markets. These insurance products are distributed through Greenstone’s proprietary brands (Real Insurance, Australian Seniors, New Zealand Seniors, OneChoice, Guardian Insurance and Prime Pet Insurance) and affinity brands (Medibank, ahm, Woolworths, Guide Dogs Pet Insurance and RSPCA Pet Insurance). In addition, Greenstone also distributes its proprietary, affinity and third party insurance products, through its online comparison website, Choosi.