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.
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
Hear from our customers who transformed their Finance
processes with Buying Simplified
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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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clinical-stage biotechnology company, California, USA
