Ladera Winery Investment Pays for itself within 60 Days of Use
Ladera is one of the most respected family owned wineries in the Napa Valley. With a passionate focus on quality, the Ladera name is synonymous with some of the most intense, distinctive estate cabernets produced on Howell Mountain. Chris Artley, CFO at Ladera, knew their Accounts Payable process was taking too much time and decided to evaluate automation solutions.
Through an in-depth selection process, the Ladera group learned that the right AP solution would reduce the number of touch points required to process an invoice, from receipt through payment, eliminate labor costs and the manual nature of the AP process, and rid the company of their heavy reliance on paper. The Ladera group also needed a solution that would reduce the high cost associated with moving invoices between their two locations.
Before implementing a solution, we evaluated Bill.com, AvidXchange, and MineralTree. Ultimately, we partnered with MineralTree because they meet the various functional requirements we had identified as being vital.
– Chris Artley, Chief Financial Officer, Ladera
MineralTree has radically transformed the Accounts Payable process for Ladera. “After initial review, data showed that we had reduced our overall time commitment related to AP, on average, by 70% from our previous processes,” states Artley. As a result of implementing MineralTree, Ladera has been able to utilize one Accounts Payable Clerk to handle AP for multiple entities.
And, the overall time spent on the Accounts Payable process has dropped from an average of 15 hours per week to approximately 3 hours per week on a consistent basis. “Our investment in MineralTree quite frankly paid for itself within the first 60 days of use. Our ability to manage our staffing levels combined with the added time savings at both the approval and review steps made this the best possible outcome we could expect,” states Artley.