GEP
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Case Study: a Fortune 500 chemicals company improves procure-to-pay efficiency with GEP
A GEP Case Study
a Fortune 500 chemicals company cuts blocked invoices by 55% with GEP
A specialty chemicals supplier, a Fortune 500 chemicals company, sought to improve the accuracy and efficiency of its global procure-to-pay operations but was hindered by regional silos. The company partnered with vendor GEP to address this challenge.
GEP deployed a multi-regional team that assessed pain points and implemented sustainable solutions, including end-to-end management of the P2P operations. This partnership resulted in 90% of payments now being on time, a 20% reduction in invoice processing turnaround time, and a 55% decrease in blocked invoices.
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