Case Study: Mobilize Financial Services transforms global procurement with Corcentric

Mobilize Financial Services streamlines 12k invoices with Corcentric

Mobilize Financial Services, a provider of automotive finance and services, faced challenges in its global procurement process. These included a lack of spend control, complex vendor management, and an inefficient approval and invoicing process. To address this, they partnered with vendor Corcentric to implement a cloud-based procure-to-pay solution integrated with OCR technology.

Corcentric provided an innovative solution that interfaced with SAP for bank transfers, streamlining the entire purchase process. This implementation provided Mobilize Financial Services with real-time visibility into budgets and vendor performance, improved supplier relationships, and enabled customizable reporting. The results included processing 12,000 invoices and 2,800 purchase requests while managing 800 suppliers, leading to better control and a more efficient global strategy.

Mobilize Financial Services