Due to growing complexity, merger, acquisitions, and stratergic objective to lower cost in business. we observe lot of changes made dynamically in Vendor Master, Purchase order and vendor invoice related to payment terms but not all the changes happen in order or hierarchy and hence at the end of the day business/organization ends up paying their vendors earlier than the Master data terms thereby creating working capital inefficiencies and direct impact on cost of capital. Payment Term Parity application using Celonis EMS, helps identify Vendor Master Data payment term discrepancies globally at any given point in time and provides insights to fix the transaction as well as fix the issue at the root i.e. Master data level
This is where Tech Mahindra and Celonis Combine their Strengths:
Improve Working capital efficiency.
identify Vendor Master Data payment term discrepancies
Reduce cost on capital.
For Vendor master payment terms, this view provides an overall risk indicator alongside details on which Vendors to target first to fix the misaligned terms for avoiding early payments and improving working capital.
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