Streamlining Procure to Pay Process for a Publicly Traded MLP in Midstream Industry

Our client

A publicly traded MLP in the midstream industry

Business Need

Our client was facing significant challenges in Procure to Pay (P2P) process causing business disruption

Realized Results

Cost savings in excess of $13 million per year for our client through strategic procurement and supplier management.

The improved internal controls and segregation of duties addressed our client’s compliance issues and provided a strong foundation for future compliance efforts.





Learn More

Read on for more information on how we successfully delivered a positive outcome for our client.

The Challenge

Our client, a publicly traded MLP in the midstream industry, was facing several challenges in its Procure to Pay (P2P) process, leading to a lack of internal controls, segregation of duties issues, and slow payments to suppliers, causing business disruption. Our client was struggling with nine different business units, each using manual and non-standard processes, resulting in poor visibility to spend and outstanding payables. There were opportunities to reduce spend with strategic procurement, but the lack of a robust P2P process hindered our client’s ability to achieve this goal.

The Solution

We designed a robust P2P process that created efficiencies through automation, improved internal controls, and enabled cost reduction through strategic procurement and supplier management. We designed a comprehensive solution that addressed the challenges faced by the company.

This design included:

  • Current State Assessment (People, Process, Technology) – we reviewed and documented the current state environment, benchmarked against best practices, identified gaps, and prioritized key opportunities for improvement.
  • Spend Analysis and Opportunity Assessment – we analyzed our client’s AP data, segmented spend by category and supplier, and identified opportunities to reduce costs by aggregating spend, consolidating suppliers, and leveraging competitive markets.
  • P2P Design – Our team defined P2P policies, processes, organization, and KPIs, developed technology requirements, and selected a P2P workflow tool. We developed and launched a P2P implementation plan and a three-year strategic roadmap to ensure a successful implementation.

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