Case Study: Large East Coast Biopharmaceutical Company achieves more than 50% reduction in time-to-pay with PeopleFluent VMS

Biopharmaceutical Company Decreases Time-to-Pay by More than 50% with Vendor Management System

A large East Coast biopharmaceutical organization of about 1,000 employees relied heavily on contingent workers as products moved into late-stage development. Decentralized, manual contractor management across business units created limited visibility into who was onsite, fragmented spending and vendor relationships, ad-hoc agreements outside HR/procurement, and poor cost control.

The company implemented PeopleFluent Vendor Management System (VMS) to centralize contractor procurement, enforce compliance, set market-rate controls and surface vendor and spend KPIs. The VMS improved collaboration, automated invoicing and payments (cutting time-to-pay from as long as 45 days to under 20 — more than a 50% reduction), removed about 800 annual AP invoices, and delivered stronger budget oversight and faster access to qualified contractors.