How much time does your purchasing organization spend coding invoices and managing transactions?
At Maxim Healthcare, it was about 40 percent of procurement’s time, and that meant time not spent on managing vendors and corporate spend, and driving performance improvements.
Automation freed up that time, with one system handling everything from PO creation and delivery to invoice and payment processing. Equally important was the ability to capture line level invoice data to better manage spend. The cost savings are substantial: deep six-figure savings from one product category alone, according to Jeff Halper, Maxim Healthcare director of procurement.
Ariba caught up with Jeff at last month’s Ariba Live. Hear what he has to say.
And let us know the approaches you are taking to drive productivity breakthroughs in procurement and accounts payable.