|JPD Financial provides services in a variety of industries across the globe. Our experience has shown repeatedly that regardless of the industry, JPD’s recovery model works. We also know that the pattern of spend and the P2P cycle does vary by industry and that the activities we undertake have slight variations when dealing with two companies in differing industries. For example, in the retail sector – the transaction levels are higher than most other industries. There is also a larger number of promotions, which leads to a greater number of mistakes due to price variances. An automotive manufacturer or tier 2 supplier may have a much tighter supply chain and as such, the mistakes may likely be related to billing and reconciliation. There are many of these examples to be found, but you can be assured that JPD Financial will have experienced this before.||“At JPD, every day I am energized by a team of passionate, intelligent, and creative people across the globe all striving to be our collective best for each other and our clients. We embrace technology but know the value of the human touch. We grind hard but laugh a lot along the way. We seek opportunities for growth but never forget our roots. I love JPD because every day I am surrounded by like-minded doers trying to take our service to the next level.” – Stacey Crespo, Executive Director of Operations Americas, 13 years of Service|
Whether public or private, in North America or in Europe, the process of generating and supplying energy to their representative markets is the same. The procurement of the natural resource is specialized and is a usually a large part of the auditable spend. Yet there is still a lot of expense and capital procurement which can be prone to errors. JPD can help to reduce the money lost to these errors on an ongoing basis.
Client Testimonial –
“The JPD Financial team acted with the utmost professionalism and integrity which caused no disturbance to our business operations or jeopardized relations with our suppliers. JPD has been highly successful in recovering funds that we didn’t even know existed!”
– Manager, Payment Verifications, East Coast Power Company
The Food and Beverage industry is one of the most complex, global collective of diverse businesses and supply chain interaction. Due to the methods used to produce, package, bottle, transport and market in this vertical space there is a great opportunity for errors to occur. JPD has the depth of knowledge and experience and can provide valuable Best Practices and recover substantial dollars for our clients.
Whether a large Pharmaceutical organization researching and developing new drugs or a Healthcare institution administering them – JPD Financial enables such organizations to operate in a far more cost-efficient manner.
“JPD’s work is truly unique. Year after year they continue to recover monies in the form of aged an open credits from our suppliers that we were not aware of. Moreover these claims were not identified and recovered through the traditional A/P audit firms we have engaged.”
– VP, Shared Services; International Pharmaceutical Firm
The world’s largest technology and manufacturing concerns operate in competitive environments characterized by tight margins. They stay competitive by using JPD Financial’s services to drive greater profitability.
The high transaction volume and dynamic nature of the Retail sector has left organizations susceptible to AP processing errors. It is in this industry that both Recovery Audit services and JPD Financial were born. From these roots JPD Financial started and continues to develop our unique results-focused approach.
“Over the years I have been continually impressed by JPD’s performance finding millions of dollars and working extremely well with my staff. JPD is very easy to work with and our bottom line is positively affected by these dollars. In my opinion, JPD Financial is the “Derek Jeter” of the recovery audit industry.”
– Finance Manager, Leading Grocer in Northeastern
The Telecommunications and Media space is continually changing with innovations and new products. The result of this change leaves a continuing challenge in developing new components, raw materials, consumables etc., and therefore the vendors and supply chains that go with them. In this fast changing P2P environment mistakes are made but JPD can help you reduce the cost impact of these errors.
“I am a strong proponent of JPD’s Vendor Credit Recovery process, and can confidently recommend their service because of the consistent and substantial dollars they contribute to our bottom line.”
– Director, Financial Shared Services; Computer Manufacturer
The Transportation industry consists of many moving parts and is made up of multiple modes of transportation including air, freight rail, maritime transport and truck transport. These can also be broken down into three major groups of companies; shipping, passenger transport and equipment manufacturers. The transportation industry has a highly integrated supply chain network which can create instabilities within the receivables. This causes opportunities for recoveries and establishing new programs for best practices. JPD can assist with both areas for our clients in this sector.
JPD Financial are proud to provide Procter & Gamble with global credit management services that help them to better manage their P2P processes around the World.
As part of P&G’s internal controls program, they periodically review their external business partner credit and payment receipt information to ensure their payments process is working as intended. JPD Financial has been ‘powering’ this review since March 2014, regularly contacting vendors and gathering statements from all the regions in which P&G operates.
About Procter & Gamble
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide.