Value as a service
Challenge
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