Testimonials
"Through its mature processes and metrics driven approach, Wipro has optimised our supply chain enabling us to provide superior service to our customers. This has led to returns in terms of retention of existing customers and attracting new ones."
Phil Stubbington
Service Delivery Head - Global Freight Management
Exel
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Home  Wholesale Distribution Procure to Pay
Procure to Pay
Distributors’ customers are moving from “Purchasing” to “Strategic sourcing” forcing wholesalers to streamline their Procure to Pay cycle there by reducing Cost of Goods Sold ( COGS) as a percentage of sales. It is important for distributors to negotiate better discounts from suppliers , improve their deal buy processes and capitalize on investment buying opportunities to compete in an era of unsupportable margins. Distributors should also accelerate financial settlement cycles to realize optimal payment terms from their vendors.
Greater visibility into the procure to pay cycle can facilitate better vendor management and easier resolution of purchase order and invoice disputes. Distributors should also have the ability to use the underlying data in different processes ( like vendor management, product management and procurement) to boost their operational and financial metrics. Much of any distributor’s procurement is through sourcing contracts from suppliers and contract compliance is the key to derive better prices and payment terms. A robust contract management mechanism can instill rigor and agility into the procure to pay cycle of any distributor. Better procure to pay management can help any distributor to derive the following benefits:
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Improved supplier management |
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Optimized payment terms |
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Shorter financial settlement cycles |
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Greater contract compliance |
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Easier resolution of two way match and three way match disputes |
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Support Sarbanes - Oxley compliance requirements and internal controls |
Wipro understands that the procure to pay requirements of a distributor are unique with respect to contract compliance , claim and chargeback management. Wipro’s distribution domain expertise and complete process understanding can help distributors to streamline their procure to pay processes. |
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