Case Study: Global Flooring Company achieves 100% ROI in 4 months with Oversight's Payables Solution

Global Flooring Company achieves 100% ROI in 4 months with Oversight Systems

Global Flooring Company, a major flooring manufacturer, faced significant challenges with duplicate vendor entries and payments within its $2 billion annual payables process. Their internal audit group struggled to monitor multiple processes effectively without technology, leading to inconsistent application of procurement policies. To address this, they turned to Oversight Systems and implemented its Payables Solution.

By implementing Oversight's Payables Solution, which automated the audit for duplicate payments and vendors, Global Flooring achieved a 100% return on investment within just four months. The solution provided root cause insights that led to targeted training and the discovery of control circumvention tactics. Furthermore, it identified an additional 450 duplicate vendors that a recent manual clean-up project had missed, fundamentally refining the company's payment policies.