What we did:

  • Standard document for indent to payment was created.
  • All steps defined with clear responsibility such as Indent- PO- GRN- Quality check – Invoice – Reconciliation – Payment was prepared
  • All vendor master were checked and we also identified invoice and other related document collection points and the due dates

Measurable outputs:

  • Vendor creation time reduced from 48 days to 18 days
  • Invoice payment cycle improved from delay of 32 days to on time
  • All compliances related to tax were sensitized and complied with
  • Established AP processes & policies and aligned with Global Policy Standards;
  • Implemented accounts, finance and compliance division.