Don’t Get Duped: How PepsiCo is Getting Rid of Duplicate Vendors and Duplicate Payments

Ultimate Supplier Management

English - October 14, 2021 17:00 - 30 minutes - 20.7 MB - ★★★★★ - 1 rating
Management Business accounts payable procurement supplier management vendor management Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

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Processing over 8 million invoices in the US is a lot. More than a lot. PepsiCo knows that even if they are the best run accounts payable (AP) operation, they will make overpayments. So every year PepsiCo has apexanalytix perform an AP recovery audit.

PepsiCo spends a minimal amount of time approving claims, gets substantial returns, and receives data-backed insights on why those overpayments were made.

Recently, a higher percentage of recoveries were associated with duplicate payments. What is a key factor? Duplicate vendors in the vendor master.

PepsiCo does not want to accept this as “part of the business” anymore and deployed apexanalytix’s smartvm solution to identify and remove duplicate vendors. Listen to the podcast to hear Julie Becker, Accounting Operations, Sr. Manager at PepsiCo, and Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytix, discuss:

PepsiCo Intro: $60 billion in spend. 3 ERP’s across 50+ entities. A lot of suppliers.Time required for an apexanalytix recovery auditWhy address duplicate vendors?Process to remove duplicate vendorssmartvm: How it identifies duplicate vendors and validates supplier data

Webinar slides: https://bit.ly/3jU1Mlq
Webinar video: https://www.apexanalytix.com/video-don-t-get-duped-pepsico-gets-rid-duplicate-vendors-and-duplicate-payments