FTSE100 Global Super Luxury Brand founded in 1856

The Challenge

The client based in Leeds, UK needed to optimise their Source To Pay (STP) processes to enhance efficiency and productivity.

The Solution

Our approach focused on reducing the time & cost spent by Accounts Payable on non-value-added tasks.

We achieved this by –

• Decreasing invoice exceptions by 55%
• Implementing a Managed Service Provider for contingent recruitment, resulting in a decrease of 20% in the number of suppliers being set up
• Rolling out an additional P-Card payment channel for low-value transactions
• Improving ‘On-Time Payment’ to suppliers by 10%
• Increasing the invoice ‘Straight Through Processing’ rate
• Achieving an overall reduction in the volume and value of Purchase Orders being raised by the business through Ariba
• Making recommendations for ‘Licence to Buy’ training for the Business and Procurement teams
• Establishing a new eLearning tool and website on ‘How to Buy Goods and Services’