1. Graham Taylor Treasury Manager
eInvoicing
Vodafone
Supply Chain Financing
“Now we can offer our suppliers a complete end- to-end process, from when they’re submitting their invoices, all the way through settlement.”
Graham Taylor Treasury Manager
INDUSTRY
Telecommuni cations
REVENUE
$50.2 billion
SPEND
$9.4 billion
# OF SUPPLIERS
16,000
Challenges
Previous bank-led programs did not address ALL suppliers in the network
Complicated on-boarding process, not electronically based
Suppliers lacked visibility into payment process
Need for a solution with user-friendly interface, seamless integration into existing workflow & NO suppliers fees
Results
12,400 total suppliers enrolled
$10B spend on program
$2B early payments to Huawei
61% suppliers taking early payment
65 avg. days suppliers were paid early
Solutions
Invoicing
Working Capital: Supply Chain Finance