Ultimate Supplier Management

“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ov...

Joni Geurts, Director, Accounts Payable & Fraud at JetBlue Airways, tells her story of joining the AP department and addressing the biggest issue for her team: limited visibility into SAP.She couldn’t get the information she needed about suppliers, identify duplicate payments or flag suspicious supplier payments as potentially fraudulent. Attend this webinar to hear how she addressed these issues with complementary apexanalytix solutions to fill SAP gaps. Additionally, she will discuss th...

A frequent question that Chuck Stefanosky, Supplier Diversity Director at Independence Blue Cross, receives is “How do I set my company’s supplier diversity goals?” Chuck’s answer every time: match the diversity of your workforce and suppliers with the community you serve.This strategy has helped guide Independence Blue Cross’ award-winning DEI program for 35 years and helped it grow its annual spend with diverse suppliers to 26%. With the program reporting directly to procurement, they ...

Dig into the brand new 2022 findings from the annual, global, AP Metrics that Matter Report with report author Bob Cohen of Ardent Partners, P2P senior executive Kevin Jacobik of Kimberly-Clark and market and product strategy leader Danny Thompson of apexanalytix.AP has a fresh opportunity to rewrite the script on best practices as we slowly turn the corner from massive business, economic and social system disruption. Kevin knows a thing or two about AP best practices since he runs one of the...

Jose Sorondo joined lululemon as Director, Global Finance Shared Services in 2018 and has helped the company by leading finance shared services during its rocket ship growth.It takes a lot of suppliers to run a fast-paced apparel company. In AP, once in a while, one of these suppliers would call to say: “There has been an error in the payment received.” During massive growth, duplicate payments happen. Having suppliers point this out is amazing. But how many didn’t call the AP desk? And, on a...

Call Nigel Coffey a change agent, or call him a serial innovator. Everywhere Nigel takes on a new leadership challenge, he executes a program that adds tangible bottom-line value to his new organization. Starting with industry benchmarking, following with an audit of payments to suppliers to identify root cause issues and control weaknesses, and progressing through a systematic program of automation, Nigel has succeeded time and time again in moving each company to world-class procure-to-pay ...

Moving to a shared services environment allowed CommScope’s finance team to have a greater focus on improving operations while realizing greater efficiencies, cost savings, and proactive measures to ensure tax compliance.CommScope acquired Arris Communications and observed that Arris was utilizing apexanalytix for AP recovery audits. This service provided an external review of payments and outlined opportunities to prevent overpayments in the future.As part of CommScope’s continuous improveme...

In partnership with apexanalytix, this ASUG podcast will deliver insights designed to support your work with SAP technology.When Koch Business Solutions realized it needed to stay in front of the growing risks around supplier payment fraud—as well as build an efficient, leading practices workflow for supplier setup and maintenance—it was motivated to find and implement an automated supplier onboarding solution that included risk and fraud validations.If you are also interested in improving ef...

At the beginning of their search, Panasonic was only using Ariba Procure to Pay. For the other processes across the Source to Pay lifecycle, Panasonic had manual processes. In 2019, Panasonic started reviewing different solutions through a comprehensive RFP utilizing analyst reports. As they were looking through the different solutions, they could easily see that one solution is going to do one thing really well, but won’t do everything they needed really well.Panasonic really needed to ask “...

Large scale M&A creates a lot of work for finance teams. Everyone gets busy. Systems need to get consolidated, vendor masters merged, suppliers communicated to, and so on.When everyone is busy, a common project that gets postponed or cancelled is a recovery audit. At Alaska Airlines, it fell off the to-do list for several years.“I didn’t think apexanalytix was going to find much, but knew some mistakes were made during the merger period,” said Lori Foley, Director, Customer & Vendor P...