Biopharmaceutical Company Teams with Canon to Transform Accounts Payable Process
Biopharmaceutical Company Teams with Canon to Transform Accounts Payable Process
2 PagesTHE CHALLENGE The pharmaceutical company faced three key problems. One was that its AP process was inefficient. Challenges included a very high cost per invoice, numerous errors in processing and an excessively long cycle time from invoice receipt to payment (average of 15 days for exception invoices). Additionally, the company was unable to continuously improve the quality of its operation due to lack of comprehensive process moni- tor
