Case Study: BD achieves streamlined invoicing, reconciliation, and consignment management with Core Technology Systems

BD standardises EMEA reconciliations and removes spreadsheets with Core Technology Systems

The customer, BD (Becton, Dickinson and Company), a global medical device leader, faced operational inefficiencies in its Pan-EMEA finance and sales processes. These challenges included a lack of a centralized system for inter-company invoicing, time-consuming manual account reconciliations, and an inefficient consignment management system. To address this, BD engaged vendor Core Technology Systems (through its acquisition Velocity IT) to implement a bespoke inter-company system and workflow automation tools.

Core Technology Systems developed and implemented a seamless, process-driven application that automated key financial and sales operations. The solution centralized invoice management, automated account reconciliation with real-time reporting, and streamlined the consignment order process. This resulted in standardized processes across EMEA, ensured regulatory compliance, reduced manual labor, and provided full auditability. For BD, this led to increased productivity, profitability, and an improved customer experience with on-time delivery of critical medical equipment.

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