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Fixing The GR-NI Problem: The Premier Foods Story


Premier Foods shared services is tackling their GR-NI process. Each year, 3,500 suppliers send them 245,000 invoices. Provisions in the GR-NI (Goods Received Not Invoiced) account have accumulated over time, so Premier Foods have decided to automate the reconciliation of their supplier statements in order to: release provisions in the GR-NI account, improve accuracy of liabilities, improve audit controls, spot missing credits and improve service to suppliers by sending a copy of the reconciliation report with a status for every document on their account.   
Watch this webinar to understand how the shared services organization, formed in 2009 and running out of Manchester, is:

  • Moving from reconciling 40 statements per month on a manual basis and in Excel, with a view to automatically reconciling 400 vendor accounts per month and significantly impacting its GRNI situation
  • Reconciling more vendor accounts
  • Providing payment progress status to suppliers in a more effective manner, alleviating pressure on the vendor helpdesk
  • Improving relations with suppliers and improving its payment on time rates
  • Managing an improved process which the auditors have approved of
  • Running a cloud-based solution to make the vendor statement reconciliation process more seamless
  • Raising the profile of the accounts payable function with the CFO

If you are looking to improve your GRNI situation and make the often hated process of vendor statement reconciliation more automated, elegant and seamless, watch this webinar now.