1. Seamless Sourcing | Introduction
A company-wide transformation on indirect procurement processes from requisition to ledger,
driving simple and intuitive transactions at minimal administration cost without defects or rework
Our vision
Cross-functional engagement & key projects
Sourcing
Set up guided self-serviced buying channels w/ GE preferred suppliers, pricing, and payment methods
1| Accurate data, unleashed
Clear accountabilities for data input timeliness and accuracy; available to everyone who needs it
AP operations
Reduce operational review volume by eliminating low materiality POs w/ increased PCard usage, or increased 2WM POs
2| Simplicity
Risk-weighted process/control rationalization; intuitive and guided UX-a) for better quality data
Treasury
Eliminate manual payments, and automate operational reconciliations for disbursement accounts
3| Automation
More RPA-b) for faster, smarter controls; grow employee productivity from forward leaning insights
R2R (AP & Cash)
Increase understanding of risk in aged account balances (e.g., GRNI)
FP&A
Automate accruals with increased data accuracy
Short-term focus on current process pain point eliminations 2018 target $60MM
… total cost out opportunity ~$100MM identified
(a- User experience
(b- Robotics and process automation
May 3, 2019