|Event Date||Wed Feb 24 EST (8 months ago)|
30% of duplicate payments stem from duplicate vendor records. With $60 billion in spend and 3 ERP’s across 50+ entities PepsiCo knows that even the best run accounts payable (AP) operations are at risk of making overpayments. To reduce this risk, PepsiCo has apexanalytix perform an AP recovery audit every year. Recently, a higher percentage of recoveries were associated with duplicate payments and they wanted to alleviate this problem by removing duplicate vendors in their vendor master.
Join the session in which Julie Becker, Accounting Operations Sr. Manager at PepsiCo, will provide an overview of their operations and explain how they are addressing duplicate vendors in their vendor master with smartvm - a tool that integrates over 650 trusted data sources into its validation process.
Additionally, Akhilesh Agarwal, SVP, Global Business Partner Technology Solutions at apexanalytix, will walk through a demo of smartvm to highlight how it validates supplier data and identifies duplicate vendors.
Accounting Operations Snr. Manager, PepsiCo
SVP, Global Business Partner Technology Solutions, apexanalytix