How Tungsten Network’s e-invoicing solution helped Alliance Data Systems
Alliance Data Systems is North America’s largest and most comprehensive provider of transaction-based, data-driven marketing and loyalty solutions.
With 52% of suppliers’ invoices being paid late, with an average processing time of 53 days from invoice receipt to payment, and an average processing cost of $20 per invoice, Alliance were actively seeking automation solutions that would save them money and revitalise their cash flow.
“By taking an ‘all-in’ approach to supplier enrollment, we have significantly improved on the two key performance indicators that we identified at the beginning of the project: reduction in invoice cost (down from $20 to $10) and increased productivity per full-time employee from 4,500 to more than 10,000 invoices per year. Additionally, we are capturing more vendor discounts, an increase from 76% in 2011 to 95% in 2012.” – Todd Holcomb, Senior Director of Procurement and P2P Operations, Alliance Data Systems