Mondelēz International achieves 92% on time payment

By applying a vigorous, methodical approach to finance transformation, Mondelēz rapidly made their invoicing more efficient despite the complexity of the business.

Overview

Mondelēz International (MDLZ) is one of the largest snack companies in the world, “empowering people to snack right” in more than 150 countries across the world.

After first partnering with Tungsten Network in 2012, MDLZ took a targeted approach in 2016 by implementing a central, outsourced global straight-through processing function to streamline its accounts payable processing.

Now at the end of its ninth year working with Tungsten Network, and its fifth year focused on automating its accounts payable processes, MDLZ is experiencing consecutive years of increased e-invoicing penetration and greater efficiency.

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Results

92%
on-time payment
74%
first-pass yield
25%
increased adoption by complex suppliers

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