P2POWERING ACCELERATED PURCHASING AND R2RAPID COLLECTIONS FOR A MAJOR OILFIELD SERVICES PROVIDER
P2POWERING ACCELERATED PURCHASING AND R2RAPID COLLECTIONS FOR A MAJOR OILFIELD SERVICES PROVIDER
2 PagesA leading oilfield services provider partnered with Capgemini to improve the efficiency of its Procure-to-Pay (P2P) and Record-to-Report (R2R) processes. Utilizing Capgemini’s Business Insightful Services (BIS) within the ADMnext framework, the collaboration focused on addressing system issues that were causing delays in accounts payable (AP) and general ledger (GL) reporting. The solution resulted in an 8-hour reduction in AP system downtime, a 50% reduction in GL report execution time, and a 57% improvement in report availability. The company also achieved smoother invoice transfers and zero incidents within P2P processes, significantly enhancing operational efficiency.
