Technology-Based Solution To Centralize The Accounts Payable Function

Centralization and Optimization of the Accounts Payable function of a consumer durables provider, across 50 retail outlets in the USA. To address a decline in the bottom-line, the client undertook strategic restructuring of key processes, to reduce costs. The project scope included:

• Centralization of the processes used in the Accounts Payable function
• Development and deployment of a Document Management Solution (DMS)
• Phased and remote solution implementation.

Challenges

• Decentralized structure, with 50 retail outlets following distinct, independently developed accounting processes
• Manually intensive process, without a central data repository, creating challenges to data control, security, and reporting