Libeo's User : Marcel Nakam, Managing Director
Company : Jonak
Location : Paris
Industry : Retail
Number of employees : 250
: Automatic import into accounts
Marcel Nakam is the managing director of Jonak, which he has managed for nearly ten years. The shoe brand born in Paris in 1964 now has a hundred stores throughout Europe. Proximity and trust are keys to better managing supplier relations for this family business!
Jonak – some figures:
“Libeo has been a key component in modernising our finance department. Because our suppliers are modernising at the same time as us, and because Libeo is really easy to use”
Jonak strives to work exclusively with European suppliers: Portugal, Spain and Italy. This has proven to be a distinct advantage during the pandemic when competitors struggled to secure supplies of raw materials. Jonak works with a limited number of suppliers, many of whom have been manufacturing shoes exclusively for Jonak for 15-20 years on average.
In the ten years that Marcel Nakam has been running the company, invoice management has come up against four main problems:
The latter has rarely happened or has only involved relatively small amounts, but it requires a great deal of checking and verifying. The duplicate invoice detection tool provided by Libeo allows Jonak to provide 100% security.
When it detects a potential duplicate invoice, the platform notifies the user, who can then check the documents:
Since Marcel Nakam works closely alongside his suppliers, the transition needed to go smoothly. And that is precisely how it went. All they have to do now is send the invoices to a dedicated email address. The invoices are automatically uploaded and processed on the Libeo platform.
According to Nakam, Libeo’s most significant advantage is its ability to automatically dump data into the accounts. This feature saves him time – transcribing information into the accounting system alone would take a whole day every month!
The company has seen another advantage to the new system: Jonak can now receive payment for its invoices at the due date, which has been a real revolution for the company. This means that cash flow is optimised since payments are not offset.
“Libeo has helped us spread a cash management culture across the entire group, thanks to the “payment at due date” feature.”
Formerly, bills were paid immediately if the manager insisted, but others were left on a desk until a later date. For many years, Marcel Nakam tried to instill a cash-management culture in his teams. Now they have acquired that culture.
In addition, during the lockdown period, Libeo has been extremely useful for managers in terms of getting work done: many employees are still able to work remotely and will continue to do so.
Having a centralised platform for transactions and interactions seems more user-friendly and efficient than sending out untimely emails. If he had to describe Libeo in three words, he would choose productivity, no risk of error, and efficiency.
“At Jonak, Friday was traditionally ‘payday’. Now, all invoices are already collected by Friday, so all we have to do is approve all payments in one click on the Libeo platform.”
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