Wing to Wing Electronic Processing - Enabling Early Payment Discounting
In 2007 Sealed Air selected a vendor which would enable the entire Purchase to
Pay dialogue between Supplier and Buyer to be automated and tracked.
POs are issued and acknowledged, ASNs delivered, GRNs booked in,
invoices sent, and remittance notes sent. The end result is twofold:
1/ net savings are realised through clean end to end process efficiencies
and 2/ a Discount Manager feature maximizes discount capture. With 1000
vendors in scope in the US and $1 billion spend, a 1% discount on just a
tenth of this spend offers savings of $1 million. In this session Roger
Zouein and Steve Froelich will illustrate how the process works, expected
benefits, the critical success factors, and how
they are preparing for phase 2: Europe.
Roger Zouein Director - eBusiness Solutions Supply Chain
Stephen Froelich - Controller AP/AR Europe
SEALED AIR
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