Challenges in Procurement process and Cost Visibility

1. Lack of standardisation and buying as per contracted rates across locations


2. Maverick Spending with multiple vendors


3. Long cycle times with no visibility in the complete requisition to order to payment process

Challenges in Invoice Payables

1. Large branch network incurring local spends and payment through petty cash / centrally paid


2. Duplicate Invoices, delays in payments impacting supplier relationships and business execution


3. Lost input credits, delays in tax withholding, compliance, inaccurate provisioning and losses in cash discounts

Challenges in Employee Reimbursements

1. Manual processes prone to errors and eligibility violations


2. Delays in payments to employees and substantial escalations and queries


3. With increasing employee headcount, the costs of AP increasing