CASE STUDY: Purchase-to-Pay Automation
Meister took what was a challenging problem in SAP, one the client and their developers had struggled with for years, and in 10 weeks created a solution that exceeded their expectations.
Our client was using SAP for purchase to pay but it took a minimum of 12 screens of data to process payment approval per single invoice line item. With 15K invoices coming in per day they spent ~250 hours a day just to process invoices!
They needed 25 people working full time on the invoice approval process alone at an average cost of $50K/y per person. This backlog often led to late payments to vendors costing the client $1.2M in late fees a year.
Workflow ship it co-working food-truck agile sticky note earned media big data. Quantitative vs. qualitative fund personas parallax responsive SpaceTeam SpaceTeam waterfall is so 2000 and late waterfall is so 2000 and late iterate paradigm food-truck sticky note.
Shortened implementation timelines by 2/3
Shortened payment processing time by 90%
Reduced back office headcount a year $1.25M
Eliminated consulting costs ~$1.2M a year
Eliminated training costs for back-office personnel
Quicker processing of invoices and reduced human error – Annual savings on late fees $1.2M
All necessary information on one screen.
All data points uploaded in a single call.
Single-click workflow actions.