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Conception of invoice verification and approval process

The accounts payable department of a German food company required a standardized, workflow-based process as basis for the introduction of a purchase-to-pay solution. Key element was the implementation of a governance for the determination of competences for the approval of invoices.

Challenge

Process review: Contract and Invoice Management

STÖHR FAKTOR supported a German bad bank in expanding contract compliance as well as analyzing and optimizing control structures for contracts and invoices. For this purpose, contract data was cleaned, target processes were defined and instruments for contract review and cost control were designed.

Purchasing development for company’s “Route 2030”

A family-run industrial company needed transparency about the performance of its purchasing department. STÖHR FAKTOR carried out its Fitness Check in form of 20 interviews with buyers and stakeholders and determined the maturity level of the purchasing organization on the basis of 12 dimensions.

Development of category strategies

The results of the Fitness Check showed: the industrial company had a need of improvement in category and supplier management. For this reason, a portfolio analysis was carried out for the value chain of castings. The portfolio analysis is an instrument that supports the strategic buyers to develop suitable strategies and measures. The project was seen as a blueprint to roll out portfolio analysis to other categories within the company.

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.

Optimisation of purchasing of consulting services

Optimisation of purchasing of consulting services


For this German financial services provider, consulting services constituted one of their largest procurement categories…

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…

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…

Implementation contract management tool

Implementation contract management tool


Previously, a German financial service provider used a contract management tool as a less intuitive…

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Fon: +49 (211) 977 19 600
Fax: +49 (211) 977 19 520
info@stoehr-faktor.de
www.stoehr-faktor.de
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