Case Study: Global Real Estate Services Company cuts F&A costs by 40% with Xchanging

Global real estate services company reduces f&a operating costs by 40%

Global Real Estate Services Company, a worldwide real estate services firm with 235 offices in 60 countries, partnered with Xchanging after fragmented finance and accounting operations across multiple locations were slowing vendor payments and employee travel reimbursements. These delays also held up client billing for reimbursable expenses, created too many handoffs, and made it difficult to maintain control and accountability across offices.

Xchanging implemented a centralized, shared-services Finance & Accounting model, consolidating activities from 30 regional offices into a single location and supporting invoice processing, payment approvals, travel & expense, reconciliation, closing, 1099s, and fee management. The result was a 40% reduction in F&A operating costs, invoice processing cut from four days to one, a 30% productivity improvement, and a 30% improvement in travel & expense processing time.