apexrecovery

Don’t Get Duped: How PepsiCo is Getting Rid of Duplicate Vendors and Duplicate Payments

Digi Event at SSOW

SPEAKERS

  • Julie Becker, Accounting Operations Sr. Manager at PepsiCo
  • Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytix

 

Processing over 8 million invoices in the US is a lot. More than a lot. PepsiCo knows that even if they are the best run accounts payable (AP) operation, they will make overpayments. So every year PepsiCo has apexanalytix perform an AP recovery audit.

PepsiCo spends a minimal amount of time approving claims, gets substantial returns, and receives data-backed insights on why those overpayments were made.

Recently, a higher percentage of recoveries were associated with duplicate payments. What is a key factor? Duplicate vendors in the vendor master.

PepsiCo does not want to accept this as “part of the business” anymore and deployed apexanalytix’s smartvm solution to identify and remove duplicate vendors. Watch the webinar to hear Julie Becker, Accounting Operations, Sr. Manager at PepsiCo, and Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytix, while they discuss:

  • PepsiCo Intro: $60 billion in spend. 3 ERP’s across 50+ entities. A lot of suppliers.
  • Time required for an apexanalytix recovery audit
  • Why address duplicate vendors?
  • Process to remove duplicate vendors
  • smartvm: How it identifies duplicate vendors and validates supplier data