Procure-to-pay (P2P) transformation

A multiphased strategy

MaceForce Phase 1 focus on data integrity, process automation, operational structure and other functions set the stage for cost-saving capabilities.

A revamped sourcing framework

An offshore drilling company brought in MaceForce to help it develop a holistic approach to improve its poor master data and fix inefficiencies across the entire procure-to-pay process.

Value delivered

• Helped the company achieve more than $30 million in total savings — $8.7 million through process cost savings, plus $21.4 million in spend savings
• Improved the reliability and integrity of transaction data, reduced invoice processing errors, and enabled access to real-time purchase order and invoice data
• Provided training on the new processes and tools

Accounts payable digital transformation

An integrated approach

Our team quickly established a backlog process structure, sourced experienced talent, established performance objectives and reported on progress.

A multi-faceted solution

A team blending MaceForce and Robert Half professionals provided a global energy company with the skilled experience and resources to eliminate check payments to vendors and reduce fraud risk, environmental impacts, and time and effort spent resolving check payment issues.

Value delivered

• Implemented a streamlined approach and effective tracking system that closed gaps in the process and accurately verified and updated 333 vendor accounts
• Reduced the company’s environmental footprint by eliminating 3,200 annual checks and paper remittance advices
• Reduced the risk of check fraud by up to $85 million, or 41% of total spend

Finance (P2P) backlog reconciliation and remediation

CLIENT TESTIMONIAL:

“Throughout the engagement, MaceForce was able to quickly adapt when our needs changed and had a proactive focus on joint value creation.”

— Head of Operational Services

Managed solutions for finance and accounting

A global facilities management company sought MaceForce operations and consulting expertise for an urgent year-end Procure-to-Pay (P2P) remediation focused on supplier statement reconciliation.

Value delivered

• Provided flexible and scalable finance and accounting managed solutions that identified process improvements and automation opportunities
• Reconciled over 1,700 supplier accounts, and identified, discovered and processed over 12,000 missing documents
• Transferred knowledge and talent back to the business

Workday implementation support in healthcare

CLIENT TESTIMONIAL:

“MaceForce is a great resource, bringing the right knowledge and experience to blend with our internal teams.”

— System VP, ERP & Corporate Applications

A collaborative relationship

MaceForce provided support for multiple project workstreams of a large healthcare provider’s Workday implementation to meet their go-live timeline and reach their strategic objectives.

Value delivered

• Deployed seasoned professionals with Workday skills and other functional business experience to operate in tandem with company personnel
• Defined expectations within departments and improved communication, which led to increased progression on all data conversion activities leading up to cutover
• Improved management visibility on data conversion accomplishments and decisions needed

ESG disclosure audit

A comprehensive review

The MaceForce team conducted a thorough assessment to uncover gaps and align ESG disclosures with reporting procedures and regulatory requirements.

Verification and confirmation

MaceForce conducted an audit of public environmental, social and governance (ESG) disclosures for a global bank to confirm the validity of its ESG-related statements and metrics.

Value delivered

• Verified calculations of ESG data for completeness and accuracy, and performed gap assessments between disclosures and regulatory requirements
• Reviewed assets classified as sustainable investments to confirm classification accuracy
• Assessed ESG disclosures for alignment with ESG reporting procedures and assessed controls over disclosure reporting