Streamlining Logistics Accounts Payable (P2P) Process

This detailed guide showcases how Yours Faithfully Advisors can help optimize your Logistics Accounts Payable (P2P) process. Addressing challenges like onerous supplier management, late payments, and system inefficiencies, the document outlines a solution-focused approach emphasizing cost reduction, enhanced productivity, and improved fraud mitigation. Learn how Yours Faithfully Advisors successfully transforms logistics operations through strategic outsourcing, reducing costs by up to 46% while delivering scalable, efficient support tailored to your business needs. Partner with Yours Faithfully Advisors to streamline your back-office processes and focus on growing your business.

1. Consulting & Outsourcing
GROW YOUR BUSINESS
NOT YOUR BACK-OFFICE
Talk on Logistics AP process (P2P)
YOURS FAITHFULLY
ADVISORS LLP

2. Problem
Onerous supplier management
Late Payments
Not enough time for strategic tasks
Lot of supplier enquiries
Too much email and paper
Too many standalone systems
Lots of check payment to suppliers
Poor visibility
No scalability
Solution
Cost reduction
Enhanced efficiency and productivity
Lower errors and better fraud
mitigation
Skilled resources and latest
technology
Constant tracking
No shortage of workforce

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>Submission of bills to Finance team within TAT
Invoice submission for payment
>To check and keep a track of agreements, intimating the validity to the
concerns & ensuring to raise PR as per the validity of the agreement
Invoice Dispensation
>Tracing the payment details, net due date etc. from Vendor
Ledger (SAP) and consolidate MIS for weekly reporting
Invoice data maintainence
>To check the rates, approvals, agreement validity,
dispatch tracking and passing the GRN's etc
3-way Invoice checking
>Follow up regularly with the Vendors for timely submission of bills
If not then vendors need to take approval from the company
Invoice Collection from Suppliers
Invoice Validation
AP process (P2P)
Successful migration of logistics
headache from a highly decentralized
operating environment to a more cost-
effective, efficient outsourcing model.
Reduced operating costs by 46%
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>To revert to vendors with proper (cleared) Bill details as &
when requested
>Vendor meetings, reconciliation and resolution of
outstanding issues
Complete Vendor Assistance
Value Proposition
On time cost-tracking
for the management

4. REPRESENTATIVE EXPERIENCES
Client profile: Germany based $23.5B leading manufacturers of chemicals and consumer based products
Project Overview: Client worked with YF Advisors to successfully migrate their logistics headache from a highly decentralized operating
environment to a more cost-effective, efficient outsourcing model. Reduced operating costs by 46%.
Client profile: $52B multinational pharmaceutical company whose primary operations are in the New York, United States
Project Overview: As a result of significant control issues and the need to reduce costs, client engaged YF Advisors to define a Shared
Services for Stock Transition Governance across locations in India. Achieved 40% cost reduction plus enhanced process efficiencies,
automation and internal controls
Client profile: $25.89B multinational pharmaceutical and biotechnology company whose primary operations are in the Cambridge United
Kingdom
Project Overview: Migrated a wide range of back-office functions to YF Advisors including accounts reconciliations, hospital conferences
mystery checks, 3rd party process checks, Transitions Governance etc.
Client profile: $19M real estate company providing premium residential housing solutions
Project Overview: Client worked with YF Advisors to successfully outsource its Accounts Payable, Employee Payroll, General Accounting, Audit
Readiness, Financial Reporting & Taxation. Total expected labor cost reductions realized will be at least 50% over the current cost model

5. CONTACT
YOURS FAITHFULLY ADVISORS LLP
207, Building No 1 (61), Sector-2 Millenium
Buisness Park Mahape Navi Mumbai 400705
(India)
Call: [phone] | [phone]
Email : [email protected]
www.yfadvisors.in
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India
Dubai