Menu

Success? You tell us

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.

Purchasing development programme

At a financial services provider, the specialist functions of purchasing, cost management and accounting should be strategically developed and organizationally optimized. For this purpose, a future-oriented organization was designed and set up. In addition, strategic purchasing management topics consisting of supplier, commodity, customer and contract management were improved. Central aspects were the optimisation of tools, controlling and work organisation.

Introduction of category management

For this service provider, STÖHR FAKTOR introduced comprehensive category management for the central purchasing function. This included developing a suitable design, developing tools for the implementation of category strategies, and supporting for the subsequent introduction.

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…

Optimising purchasing controlling and reporting

Optimising purchasing controlling and reporting


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

Implementation of supplier management

Implementation of supplier management


A German financial services provider's supplier portfolio needed to be restructured and optimised. For this…

Introduction of a purchasing control tool

Introduction of a purchasing control tool


This large financial services company wanted to replace its usual 'spend analysis' with a purchasing…

STÖHR FAKTOR Unternehmensberatung GmbH
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
×
This website uses cookies to make the website more user-friendly, effective and secure. By using this website, you agree to the use of cookies.