Search Results

Results firststrike has delivered the powerful control framework needed to protect disbursements companywide. Among the impactful outcomes: • In the first six weeks after implementation, firststrike prevented an average of $225,000 in duplicate payments a week. • The company now has the tools to analyze past disbursements and conduct its own recovery audits. • A cumbersome, time-consuming reporting process has...

Results • Used firststrike to find and recover over $2 million in historical overpayments. • Dramatically reduced duplicate payments, far outperforming peer organizations. A subsequent audit of $20 billion in disbursements found just three duplicates that escaped controls, totaling less than $10,000. • Used data from firststrike for root cause analysis and continuous improvement. • Reduced risks by adding automated...

  Results • 50 percent improvement in supplier onboarding cycle time • 49 percent increase in early pay discounts • 43 percent reduction in check processing expenses • 40 percent reduction in supplier email and phone inquiries • Elimination of two full-time positions • Automated compliance screening and validation of supplier data before it is added to the vendor master...