Skill #3
An insightful summary of how these GPOs made their Order To Cash future-ready while reducing costs, improving metrics and keeping their customers happy!
Chapter
04
Skill #3
Project Implementation Planning Huntsman?s Deployment of 3 Modules in 2 Years Across 4 Regions
Why this skill is necessary
Transforming A/R processes for different BUs spread across different geographies is complicated. With the lack of proper planning and detailed roadmap for execution- it?s a nightmare! Hence, GPOs need to lay strategic roadmaps for project implementation in order to:
- Avoid any risk fallouts
- Keep all stakeholders involved
- Streamline implementation and deployment of the solutions
What Huntsman achieved using this skill
Huntsman?s Challenges
- Multiple Disintegrated Systems†
- Lack of Centralized Global A/R Management
- Cumbersome Credit Reviews
- Lack of Visibility and A/R Tracking
- Semi-Automated System
- Non-standardized, Unscalable A/R Processes
- Time-consuming, Manual Processes
- Lack of Integration
- Internal Teams Disconnect
- Unavailability of Real-time Data
- Outdated Data
- Lack of Visibility and Transparency
- Limited Support for Critical Decisioning
Due to these challenges, it was really difficult for Huntsman to transform their A/R processes.
5 Step Process Methodology
- Deployed solutions for credit management, collections and deduction
- Global deployment for BUs across US, Asia, LATAM, Europe within 2 years using the following strategy:
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Improved their Order To Cash metrics as well as process visibility and transparency.
