A specialty chemicals supplier wanted to improve the accuracy and efficiency of its procure-to-pay operations globally, but it kept running up against regional silos.
The company finally decided to look outside for help and partnered with GEP.
GEP deployed a multi-regional team that assessed the pain points, identified improvement opportunities and delivered sustainable solutions, including end-to-end management of P2P operations. The result: 90% payments are now on time; turnaround time for invoice processing is down by 20%; and the number of blocked invoices has been cut down by 55%.
This case study is a must-read for procurement leaders who want to improve their organization’s cash flow and streamline P2P without burdening their teams with transactional activities.