We are delighted to announce that Bunzl have chosen to partner with Glantus for a recovery audit and implementing an automated statement reconciliation solution.
This solution enables a self-funding model to identify the root cause of issues, find lost working capital, and unlock the use of that capital to automate manual processes, in line with Bunzl’s continuous improvement model.
Bunzl are a leading innovative distribution organisation and have great foresight in leveraging technology to give their teams an edge in dealing with their global supplier reach.
We are delighted to have the opportunity to work with Bunzl in progressing their automation vision and streamlining their AP initiatives.
- James Welch, Managing Director, EMEA.
After a detailed evaluation, Bunzl picked Glantus to streamline their processes, reduce mistakes, consolidate their data, and give real time reconciliation reports.
The solution will deliver the efficient, timely, and accurate presentation of monthly/quarterly accounts and cashflow projection reporting.
Reconciling the creditor’s ledger against supplier statements is an essential financial control for Bunzl, but it had proved to be a manual, onerous, time-consuming task. Facing these challenges, Bunzl sought a partner to help them to transform their AP function.
Proven integration with Bunzl’s ERP stack, combined with Glantus’ experience within the audit recovery space and building strong relationships with stakeholders across various levels, were key factors in Bunzl choosing to partner with Glantus.
We saw Glantus as an ideal fit, with their track record of identifying working capital and their ability to use that capital to automate AP processes in one single project, with a strong alignment to our technology driven transformation programme.
- Laurence Hill, Finance Director UK & Ireland