Case Study
Global Pharmaceutical Firm Transforms its Accounts Payable Process with Newgen
Accelerates on-time payments with $1.6 million cost savings and boosts employee productivity
Overview
A renowned multinational pharmaceutical corporation with operations spanning 100 countries undertook a transformative initiative to modernize its accounts payable (AP) system. Confronted by various challenges within the current system, this pharmaceutical company wanted to overcome inefficiencies, eliminate unnecessary delays, and streamline audit processes to be able to boost workforce productivity and uphold cost-effectiveness.
What Slowed Down the Client?
The client initiated an extensive study and strategy in collaboration with Newgen, emphasizing their pain points, such as the absence of a system for monitoring and reporting, manual data woes, and delayed payments.
How Newgen Made a Difference?
Download the complete case study to gain insights into how the transformation of our client’s accounts payable system was a resounding success while ensuring efficiency, transparency, and cost-effectiveness to their operations.
Additionally, explore how the organization’s commitment to embracing automation improved communication and data-driven decision-making positioned them for sustained excellence in the pharmaceutical space, ensuring they remained a global leader.
