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MANAGING VENDOR PAYMENT THROUGH AUTOMATION

A Fortune 500 medical device firm becomes more efficient through the newest version of an application while ensuring greater accuracy with a critical finance function.

Client Profile

Large medical device firm located primarily in Boston, MA.

Business Challenge

Client needed an end-to-end, newly released version of a finance application designed to pay vendors on time, and accurately. The installation of a vendor invoice management (VIM) application was unable to be done with a traditional upgrade because the VIM application lacked an upgrade path from 5.0 to 7.0.

Project Overview

  • A dedicated LABUR Solutions Manager worked with key stakeholders to identify project objectives and define a scope of work.
  • LABUR proposed an FBA expert to gather requirements, work with developers to configure application and provide user support through go-live.
  • In addition, LABUR helped stabilize the implementation, provide user assistance, fix bugs and clean up tickets.

Delivered Results

A large medical device firm gained business efficiency by installing the latest version of a vendor invoice management application and through its integration with the firm’s ERP. The end result was greater automation from a process and work flow perspective. The installation also allowed the client to save time, money and internal resources through the successful implementation of the SAP tool – VIM. This tool satisfied efficiency and accuracy goals for the client and its users.