Jonak-min

JONAK SAVES ONE DAY PER MONTH ON ITS ACCOUNTING

Utilisateur

 : Marcel Nakam, Managing Director

Entreprise

 : Jonak

Location

 : Paris

Industrie

 : Retail

Nombre d'employees

 : 250

Fonctionnalité

 : 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:

  • Around 250 employees
  • 100+ stores, including 70 in France
  • Around 60 suppliers
  • Nearly 600,000 pairs of shoes sold each year
  • 95% of invoices managed via Libeo

“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”

Marcel N&B

Marcel Nakam

Managing director - Jonak

JONAK, A TRUSTED RELATIONSHIP WITH ITS SUPPLIERS

Where are Jonak shoes made?

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:

  • Non-optimised payment times
  • Artisanal management, together with significant volumes
  • Time involved in creating new bank details
  • Fear of double payments

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:

WITH LIBEO: ONE DAY SAVED PER MONTH

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.”

Marcel N&B

Marcel Nakam

Managing director - Jonak

A REAL ASSET, ESPECIALLY WHEN IT COMES TO WORKING REMOTELY

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.”

Marcel N&B

Marcel Nakam

Managing director - Jonak

WITH LIBEO, YOUR SPEND IS ON TREND

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