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$2M annual savings by transforming procurement operations with a more efficient Procure-to-Pay process for a Fortune Global 500

Key Outcomes
$2M Annual Cost Savings
Achieved significant yearly cost reductions through P2P enhancements.
12% Increase in Buyer Efficiency
Boosted efficiency for procurement professionals.
Enhanced Invoice Accuracy
Improved precision and reduced delays in invoicing.
Improved Real-Time Decision-Making
Enabled faster and more accurate decision-making capabilities.
Overview

A Fortune Global 500 chemical company faced inefficiencies in procurement due to manual processes, PO delays, and excessive rework. Aligned Automation transformed the Procure-to-Pay process by automating workflows, implementing process mining, and using machine learning for invoice accuracy. The solution led to $2M in annual savings, a 12% increase in buyer efficiency, and enhanced real-time decision-making capabilities.

Real Entire Case Study

Challenges

  • High manual intervention in procurement processes
  • Delays in Purchase Order (PO) execution
  • Excessive rework causing inefficiencies

Value Delivered

  • RTP metrics: Consolidated strategic and tactical metrics for better visibility and decision-making
  • Process mining: Automated execution workflows to identify and eliminate bottlenecks
  • PO automation: Conducted root cause analysis to improve the Auto POs ratio and implemented process improvements
  • Invoice resolution: Utilized machine learning for Intelligent Character Recognition to improve invoice accuracy

Capabilities

Data & Analytics

Process Transformation

About Client

This global company is one of the largest in the plastics, chemicals, and refining industries. It is publicly traded and features on the Fortune Global 500 list. The company has a presence in over 100 countries and multiple manufacturing sites across continents.

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