Huntsman Tioxide is one of the world’s largest producers of titanium dioxide – a key pigment in many paints, plastics and cosmetics. It employs more than 2,000 people at 8 sites in 7 countries. The company used the mySAP Business suite family of business solutions to help it reduce accounts payable (A/P) costs and improve control over invoicing procedures.
“The challenge was to establish standardization in a company that is geographically widespread and deals with many different languages, legal entities, and tax regimes. mySAP Business Suite helped us achieve this.”
Roy Walton, Transactional Shared Services Center Manager, Huntsman Tioxide
Business Challenges
- Improve the ability to process invoices involving a broad range of languages, legal entities and tax rules
- Streamline processing of more than 120,000 invoices per year
- Cut costs in market where profits are continually squeezed
Solutions
- Implemented an automated, standardized accounts payable solution – mySAP Business Suite
- New shared services center
Benefits
- Improved efficiency of accounts payable processes threefold
- Reduced invoicing costs by 75%
- Enabled remaining staff to focus on exception processing Improved data integrity
- Provided managers with transparent, quality information, enabling them to leverage supplier discounts
- Reduced paper volume