Global Chemical Company

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"I knew the project would have to demonstrate a hard ROI for approval. Oversight returned over 4,000 opportunities to recover duplicate payments during the proof-of-concept along, and demonstrated they understood our business through the organization of the results."

Internal Audit, Global Chemical Company

 

Overview

  • Integrated producer of specialty and intermediate chemical products
  • Operations in five continents covering manufacturing, R&D, and administration
  • 2009 annual sales of $5 billion
  • Primary System: SAP

Business Challenge

  • Evidence of duplicate payments in excess of corporate tolerance
  • Relocation of Shared Services Center to Budapest leading to concerns the duplicate payment issue would escalate
  • Limited visibility into operational performance

Solution

  • Automation of in-process, duplicate payment review
  • Distribution of exceptions managed through automated workflow
  • Global implementation

Results

  • 5X ROI within six months
  • A/P results were so impressive, CFO requested and authorized purchase and implementation of full suite of Oversight modules
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