Case Study: a leading deep-water drilling company achieves $7.5M in projected savings with BPM-D

Rapid Process Improvement at a Drilling Company

a leading deep-water drilling company was struggling with an inefficient procure-to-pay (P2P) process, characterized by only 55% of invoices being paid on time, high processing costs, and siloed teams. They engaged BPM-D to help achieve their goal of 90% on-time payments and improve overall process efficiency.

Using its Rapid Process Improvement framework, BPM-D provided a top-down focus to map the end-to-end process, rationalize over 200 issues, and identify key areas for improvement. This led to 48 specific actions and a prioritized roadmap of 29 mini-projects. The solution generated a projected savings of $7.5 million over two years by improving inventory management by 1.2% and increasing PO and invoice processing efficiency by approximately 25%.