Invoice cycle cut from 32 days to seven at TransMontaigne
Invoice cycle cut from 32 days to seven at TransMontaigne
2 PagesThe dilemma of decentralized AP Decentralized operations work well for TransMontaigne when it comes to providing core products and services to its customers at the local level, but its decentralized invoice pro- cessing structure caused the firm problems. A high number of touch points bred high error rates and slow cycle times. Suppliers would initially send invoices to TransMontaigne’s local terminal where they would be manually coded. The
