We Have Helped Client’s Automate Vendor Payments From
Less Than 10% Via ACH To >95%

Clinical-stage biotechnology company, California, USA 

We helped our client’s Accounts payable team spend less time on processing checks and improvised the overall payment cycle.

90%

Reduction in overall payment cycle time 

+300

High spend vendors covered under ACH payments 

95 %

Increase in payments through ACH

Buying Simplified ‘s AP subject matter experts and Project Manager undertook the complete end-to-end responsibility of managing the project working with internal and external stakeholders such as – vendors, banks, purchasing, compliance, master data, and IT team –  VP Accounts Payable

Goals

Reduce the percentage of payments made through checks.

Reduce the loss of checks in transit and follow-ups from the suppliers.

Reduce the overall time in the payment cycle.

Our Solution

  • Reached out 500+ vendors for updating vendor master information
  • Ach information was collected for 300+ suppliers.

Results

  • Clients’ 95% of the payments are now through ach.
  • Reduction in banking charges for returned checks.
  • Reduction in the mail charges for the checks.
  • Better and faster transfer of funds through direct deposits
  • Reduction of manual intervention in the payment process

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We reduced maverick spending by 75% and increased savings by 10%

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We automated expediting and supplier follow-ups so Procurement managers can spend more time on doing the strategic work.

Leading medical equipment manufacturer, Illinois, USA

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We have helped Client’s automate vendor payments from less than 10% via ACH to >95%

Clinical-stage biotechnology company, California, USA

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We helped our client reduce their past due payments from >40% to less than 5%

clinical-stage biotechnology company, California, USA

Hear from our customers who transformed their Finance
processes with Buying Simplified

Vector

Buying Simplified has extensive breadth and capability in Procurement spend analysis, tail spend management and sourcing services
Global consulting and technology companyHead of Outsourcing Solutions

Buying Simplified team helped us complete implement major functionality in DAX at huge savings compared to large consulting firms.
Clinical stage Biotechnology Company, California VP – Controller

Buying Simplified team provided us the ability to increase our cash runway by providing end-to-end Procurement and payment services at half the cost of hiring resources internally. Excellent team, service and SLAs
Biotechnology company committed to changing the treatment of cancerSVP, Finance, Accounting, and Investor Relations

Buying Simplified ‘s AP subject matter experts and Project Manager undertook the complete end-to-end responsibility of managing the project working with internal and external stakeholders such as – vendors, banks, purchasing, compliance, master data, and IT team
VP Accounts Payable
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