Procure-to-Pay

Vertical: Pharmaceuticals
Business Area: Procure-to-Pay

This leading pharmaceutical company had challenges with vendor management, procurement and payment process. Princeton Blue’s world-class solution helped the client drastically improve their entire Procure-to- Pay process.

Business Need

The clients needed an easy and efficient solution to obtain a good or service from a vendor, during the requisition request process.

Pain Points

  • Process was highly Paper-based
  • Process lacked structure
  • Poor visibility of the whole process

Solution

The current solution implemented by Princeton Blue focused on the following result areas:

  • Automated requisition request and generation of purchase order (PO) sent to a vendor
  • Submission of Invoice post-delivery of goods or services
  • Quicker Invoice review, approval and payment release process.

Benefits

  • Achieved a systematic way to obtain goods or services in a timely manner
  • Reduced cycle-times
  • Reduced overhead

BPM Forms and Workflows implementation significantly reduce cycle times generating new purchase orders and processing invoices for over 600 requestors.

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