This case study describes JPD Financial’s engagement with a global beverage company that markets more than 500 nonalcoholic brands. The customer has over $18B in auditable spending annually, distributed across 16,000 auditable vendors in Europe, North and South America. Over 100 customer plants and warehouses transact business with these suppliers.
Given the challenges, many large companies ignore the vendor credit opportunity as statistically inconsequential. In this case, our customer’s Director of Shared Services saw things differently. He presented the CFO with a plan that would make a steady increment to the bottom line with no upfront investment, no alteration to normal AP accounting practices, and no disruption of vendor relationships