Company Overview

MGM Resorts International is a global hospitality and entertainment company with over $7 billion of spend.

Headquarters

Global

Employees

75,000+

Website
https://www.mgmresorts.com/

Value as a service

3x
More PO-Based Invoicing
$2.4M
Saved with Better Spend Management
90%
Jump in E-Invoicing Adoption

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.

Solution

Procurement

Invoicing

Contract Management

Supplier Risk & Performance

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