Our Clients

Company Information: A diversified global business conglomerate, which has presence across various sectors such as healthcare, life sciences, drug discovery, healthcare information management, specialty glass packaging, financial services and real estate etc. with operations in over 30 countries. It has strong presence in more than 100 markets around the world and have over USD 800 million in revenues with 7500+ employees.

Challenges:

• Order Confirmations are done manually over emails
• Offline correspondence and approvals that are not documented or recorded in the system
• Lack of visibility to Supplier on Invoice status and bottlenecks
• Challenge in Managing communications with vast supplier base of 4000+ suppliers

Solution Used : Velocious Source to Pay Solution

Benefits :

• Efficient Issue Resolution – via Query Management faster turnaround to supplier queries leading to higher satisfaction levels.
• Order Confirmation and Error Prevention – ensuring that suppliers have clear, accurate, and complete information about the order, reducing the likelihood of errors during order processing.
• Better Control and Accountability – Non-PO and Service Invoices approval ensuring invoices are thoroughly reviewed for accuracy, legitimacy, and adherence to company policies before being processed in ERP.
• Convenient Decision Making – with Email based approval it convenient for stakeholders to review and approve requests from virtually anywhere
• Process Efficiency – Integration of Velocious Solution with Kofax ReadSoft thereby automatic routing Invoice to the appropriate workflow for review and approval in ReadSoft.
• Better Visibility – Suppliers has visibility to Invoice status right from point of ingestion till payment

Company Information : A leading contact center company that bring brands across the globe closer to their customers through memorable, personalized experiences. The company has 40,000 CX experts and is present in 13 countries ensuring global reach.

Challenges :

• Lack of accurate and up-to-date supplier information during the onboarding process
• Collecting and verifying necessary legal, financial, and compliance documents from suppliers is time-consuming
• Meeting deadlines for onboarding while ensuring thorough due diligence
• Lack of Visibility of Invoice Payments records to suppliers
• Managing communications with huge supplier base across multiple countries

Solution Used : Velocious Source to Pay Solution

Benefits:

• Efficient Procurement – Streamlined onboarding processes lead to quicker supplier integration and faster access to goods and services.
• Cost Savings – Effective onboarding reduces delays and administrative efforts, leading to cost savings in the procurement process.
• Efficient Issue Resolution – via Query Management faster turnaround to supplier queries leading to higher satisfaction levels.
• Order Confirmation and Error Prevention – ensuring that suppliers have clear, accurate, and complete information about the order, reducing the likelihood of errors during order processing.
• Process Efficiency and Better Visibility – Integration of Velocious Solution with SAP OpenText VIM thereby automatic routing Invoice to the appropriate workflow for review and approval in ReadSoft.

Company Information : One of the largest media conglomerates with 45 dailies and periodicals in 3 languages and 108 editions being published from 9 different centers of the country. The company has more than 50 offices in the country and more than 55 websites.

Challenges :

• Lack of Price Transparency
• Limited Supplier Competition
• Inefficient Negotiation
• High Procurement Costs

Solution Used : Velocious Source to Pay Solution – Reverse Auction

Benefits:

• Cost Savings – Cost Reduction of up to 35 % achieved via auction events conducted on the platform.
• Accessibility – Suppliers were able to use solution without the need for any training
• Real-time Interaction – Suppliers are able to raise query and get resolution in real time via Embedded Chat interface

Company Information : An Indian company that mainly manufactures fashion accessories such as jewelry, watches and eyewear. The company commenced operations in and is diversified into jewelry and subsequently into eyewear. The company has a revenue of $3.6 Billion with 7,500 employees.

Challenges :

• Offline approvals of Invoice that are not documented or recorded in the system
• Lack of visibility on Invoice status to Suppliers and bottlenecks
• Challenge in managing communications with supplier base

Solution Used : Velocious Source to Pay Solution

Benefits :

• Better Visibility – Suppliers has visibility to Invoice status right from point of ingestion till payment.
• Integration of Velocious Solution with SAP OpenText VIM
• automatic routing to the appropriate workflow for review and approval in VIM.
• access to a centralized portal for submitting and tracking invoices.
• easy monitoring of the status of invoices in real-time, reducing the need for manual follow-ups.
• Non-PO Invoices approval – around 500 internals users review and approve Invoices ensuring invoices are thoroughly reviewed for accuracy, legitimacy, and adherence to company policies before being processed in SAP