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Implementation purchase-to-pay (P2P) e-solution

In order to increase process efficiencies and to ensure a procurement process that conforms with auditing and compliance requirements, a German financial service provider replaced its previously used instrument for reporting requirements. In addition to that, an electronic and holistic workflow-based procurement solution was introduced. Connecting an already existing solution for Invoice Management with the new solution, an integrated P2P-process was created which includes process optimization in purchasing and financial accounting.

Implementation contract management tool

Previously, a German financial service provider used a contract management tool as a less intuitive electronic contract archive. In order to be able to actively manage contracts with their periods of agreement and terms of notice, a new, user-friendly system was implemented and the existing contracts were migrated from the former system. The new tool has also been connected to the existing order platform.

Electronic invoice processing and approval

Based on an electronic procurement system which has already been implemented, an electronic and workflow-based system for competent invoice verification and approval was introduced. The goal was to ensure a consistent and networked purchase-to-pay process. The result is a more efficient, more revision conform, more compliance conform, more transparent and more consistent P2P-process which includes interfaces for data exchange within the systems.

Vendor Master Administration

The full responsibilty for the vendor master administration (VMA) was transferred to the Accounts Payable team of a global player for petrochemicals. Due to the fact, that there were different parties create multiple vendors for the same supplier, they had to stardardize the VMA and improve the data quality. In cooperation with our partner Transparent, STÖHR FAKTOR completed incomplete data records and identified and blocked inactive as well as duplicate vendors. To ensure the highest data quality and to standardize the VMA, a governance was created.

Optimising purchasing control and reporting

Optimising purchasing control and reporting


As part of a purchasing development programme, transparency was created in control and reporting in…

Implementation purchase-to-pay (P2P) e-solution

Implementation purchase-to-pay (P2P) e-solution


In order to increase process efficiencies and to ensure a procurement process that conforms with…

Structuring of procedures and processes

Structuring of procedures and processes


In order to raise employee satisfaction in this group's purchasing division, standards were laid down…

Electronic invoice processing and approval

Electronic invoice processing and approval


Based on an electronic procurement system which has already been implemented, an electronic and workflow-based…

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Düsselstraße 4a | D-40699 Erkrath
Fon: +49 (211) 977 19 600
Fax: +49 (211) 977 19 520
info@stoehr-faktor.de
www.stoehr-faktor.de
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