Company Overview
For over 70 years, Mutual of America has provided retirement products to organizations and their employees.
Headquarters
New York, NY
Employees
1,000 - 5,000
Website
https://www.mutualofamerica.com/Value as a Service
Challenge
Procurement was on the back end and highly manual, resulting in poor operational efficiency.
The search for a single solution to solve multiple needs — from invoicing to contract management — was complex and required buy-in from the Chief Information Officer.
No central database for contracts led to time-consuming negotiations and renewals.
Solution
Results
Automating key functions of the P2P process to add value across the organization, enabling different departments like sales to focus on selling, not administrative tasks.
Maintaining the highest security standards while using a single platform for sourcing, purchasing, invoicing, payments, and more.
Speeding up payments and contract negotiations with a self-service supplier portal and a digital database that standardizes all contracts.
“The CFO and other budget holders in the business greatly appreciate the value we’re delivering from a financial, risk management, and time-saving standpoint.”
— Steven Sacchi, SVP Corporate Financial Services and Procurement
