X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In 2005, Composites One processed 145,000 invoices. Most went through without a hitch, but 5,800, or 4%, were held up because of unacceptable variances between the invoice and purchase order amounts. “Each time that happens, someone has to look into the discrepancy to determine if the invoice amount is correct,” says Mary Bravo, assistant treasurer. The extra 20 minutes it takes to further research each reject, or purchase pricing variance (PPVs), adds up to higher costs and lower productivity.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.