Case Study: International Parts Distributor recovers $12.5M with Glantus

Adding to the Bottom Line for an International Parts Distributor

International Parts Distributor, a global distributor of auto, industrial, and office products with more than $7B in annual auditable spending and 65,000 vendors, needed a better way to recover unreconciled vendor credits and debit balances without adding AP resources or disrupting supplier relationships. In 2015, the company turned to Glantus and its Vendor Credit Recovery® service to address the challenge.

Glantus implemented a customized solution tightly integrated with PeopleSoft, consolidating vendor data across business units, collecting statements and supporting documents, and uploading recoverable credits directly into the ERP every two weeks. The program recovered $12.5M to the bottom line in less than five years across roughly 8,000 line items, improved vendor relationships, and required no upfront investment.