Business Continuity
Automating Success: Mobis Parts Canada Drives Efficiency with Expense Automation
Mobis Parts Canada (MPCA) is known worldwide as a leader in the automotive parts distribution industry, especially for Hyundai and Kia vehicles. With its origins in Hyundai Mobis from Seoul, South Korea, MPCA has grown to meet the increasing demand of these car owners. Their commitment to offering top-notch automotive parts through an extensive distribution network and innovative technologies keeps them ahead of the competition.
But running such a large-scale operation comes with its own set of challenges, particularly in managing the numerous transactions and logistics involved. To help manage these challenges, MPCA decided to fully automate their processes using Concur Expense.
Manual System & Processes – The Challenge
Steve Graydon, MPCA's National Finance Manager, remembers when they used to handle all the company's finances in a spreadsheet. While it worked in the beginning, things got tricky as the company grew. The workload increased, and so did the chances of mistakes. They also struggled with not having real-time insights. Managing finances manually took a lot of time and was often error-prone, causing inefficiencies and potential financial discrepancies.
The Solution: Concur Expense
That's when SAP Concur drove into the picture. With Concur Expense, MPCA found the perfect solution for their financial operations complexities. The tool's comparative ease of implementation, reliable expense reporting, and real-time expense tracking capabilities won the team over. Not just that, it also facilitated smoother approval processes and provided enhanced visibility across all financial activities.
Enhanced Operational Efficiency
This high-speed digital transformation turbocharged MPCA's operational efficiency, enabling them to keep pace with their dealership network's demands. The visible efficiency improvements reinforced their mission of effective delivery of high-quality automotive parts. With automated expense management, MPCA could allocate more resources to strategic initiatives rather than administrative tasks.
Highlighting the significant positive feedback from the staff regarding the convenience and ease of use introduced by Concur Expense, Graydon shared how the transition to the system has dramatically cut down the approval process. Thanks to real-time insights and actionable data from the system, Graydon found himself in a better position to manage and control the company's expenses effectively. The convenience of defining expense limits and receiving alerts for transactions exceeding these thresholds were highlights.
Prospects with Concur Expense
Graydon aims at further exploring and utilizing the extensive capabilities of the system. He's looking to automate more manual processes, including travel requests, to leverage the tool's potential fully. The integration of travel and expense management is expected to bring about even greater efficiencies, providing a comprehensive solution for MPCA’s financial management needs.
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