MGM Resorts International

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MGM Resorts International

BSM Bet Pays Off for Hospitality Leader

With disparate business units, MGM Resorts International has complex procurement needs that can range from buying linens to medical supplies for dolphins. And with over one million paper-based invoices annually, they knew they had to raise the stakes on digitization with a unified platform.
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Company Overview
MGM Resorts International is a global hospitality and entertainment company with over $7 billion of spend.
Headquarters
Global
Employees
75,000+
 

Value as a Service

3x

More PO-Based Invoicing

$2.4M

Saved with Better Spend Management

90%

Jump in E-Invoicing Adoption

Challenges

 

Over $7 billion in spend each year spread across one million paper invoices.

Limited end-to-end visibility into procurement and payment due to paper-based processes.

Several disjointed lines of business including hospitality, retail, food and beverage.

 

Results

 

With PO-backed invoices Finance and Procurement teams achieved greater budget predictability almost overnight.

Greater visibility into spend and suppliers for locations around the world.

Electronic invoicing jumped from 0% to 90% for the one million invoices processed each year.

 

"We were just thrilled with the results and how quickly we obtained the value of process efficiencies."

Amanda Prochaska, Former Vice President of Procurement PMO