Case Study: Global Enterprising Company streamlines global payment terms with apexanalytix

Global Consumer Products Uncovering new value streams by turning large data stores into actionable information

Global Enterprising Company, a global consumer products enterprise operating in more than 175 countries, needed to standardize payment terms across regions. With four ERP systems and 3.5 million invoices processed annually, its accounts payable team could not easily analyze millions of lines of historical spend-by-term data to define a global approach. apexanalytix helped the company address this challenge using its firststrike® platform.

apexanalytix normalized and consolidated data from each ERP system into a single spend-by-term report, giving the team the visibility needed to reduce payment term options and manage vendor changes. The company cut payment terms from 501 to 27, converted 92% of vendors and 95% of spend to the new global terms, increased compliant spend by 10% in one month, and saved 19,000 productivity hours.