Case Study: a leading APAC IT distribution giant achieves 40% cost savings with MYND integrated finance shared services

a leading APAC IT distribution giant cuts finance costs by 40% with Mynd

A Leading APAC IT Distribution Giant faced significant challenges managing 30,000+ monthly AP and AR transactions across 30 locations in three countries. Their fragmented finance operations led to high costs, delayed vendor payments, and compliance risks. To address this, they partnered with vendor Mynd for its integrated finance and accounting solutions, aiming to automate and consolidate their processes into a Shared Services Center.

Mynd implemented a centralized, automated solution, integrating its Business Process Management tools with the client's ERP system to streamline workflows. This transformation resulted in a 40% reduction in total cost of ownership and 10% in additional operational savings. The solution also accelerated invoice processing from days to hours, ensured 100% process standardization and SOX compliance, and significantly improved vendor satisfaction through timely payments.