Fulton Hogan Goes Live with RapidP2P Solutions!
We’re excited to announce that Fulton Hogan, one of New Zealand’s leading civil construction companies, is now live with RapidP2P! As an innovator in infrastructure development, Fulton Hogan has partnered with Efficiency Leaders to streamline their procure-to-pay (P2P) processes and drive operational efficiency across their organisation.
About Fulton Hogan
With a strong presence in New Zealand, Fulton Hogan is renowned for executing large-scale government infrastructure projects, including transportation construction and road maintenance. For more details on their work, visit www.fultonhogan.com.
The Automation Scope: A Holistic Approach to Procure-to-Pay
Through the integration of RapidP2P, including key modules RapidAP and RapidPO, Fulton Hogan has automated critical workflows in compliance, coding, approvals, and purchase requisition. This transformation extends beyond accounts payable, enhancing overall procure-to-pay visibility and efficiency. RapidAP has become central to digitising and automating their purchase order requisitions and invoice management, ensuring seamless compliance and exception handling.
Key Highlights of RapidP2P Implementation
– RapidAP Compliance, Coding, and Approvals: These features within RapidAP 5.4 play a crucial role in optimising the purchase requisition process within Fulton Hogan’s operations. This module enables Fulton Hogan to standardise their P2P operations, providing real-time compliance checks and reducing manual input.
– RapidPO: By consolidating purchase requisition and order processes, RapidPO integrates smoothly with RapidAP, delivering end-to-end visibility from purchase initiation to payment completion.
Measurable Benefits
– Reduced Manual Effort and Error Rates: By minimising data entry requirements, the solution has lowered errors, preventing rework and unnecessary delays.
– Faster Approval Cycles: Invoices move through the approval pipeline with speed, ensuring that payments are processed efficiently, reducing bottlenecks in the AP workflow.
– Enhanced Tracking and Escalation Capabilities: With tracking and escalation features, RapidAP helps ensure timely payments, mitigating potential late fees and strengthening vendor relationships.
– Improved Focus on Exceptions: Staff can now dedicate more time to handling exceptions and managing high-priority operational tasks instead of being bogged down by routine data entry.
– Elimination of Duplicate Invoices: Automation has virtually eliminated the risk of duplicate invoice processing, leading to cleaner financial records and cost savings.
– Comprehensive P2P Lifecycle Visibility: RapidP2P provides end-to-end visibility of the procure-to-pay lifecycle, allowing Fulton Hogan to monitor each stage, from purchase requisition to payment.
– Highest Matching and Straight-Through Processing Rates: Fulton Hogan now enjoys a high rate of invoice matching and straight-through processing, making their procure-to-pay process more efficient and less prone to errors.
A Partnership for Growth
Efficiency Leaders is proud to support Fulton Hogan on their journey toward operational excellence in P2P. With RapidP2P, including the RapidAP and RapidPO modules, we’ve helped them build a streamlined, future-ready platform that aligns with their mission of creating, connecting, and caring for communities.
Ready to experience the power of RapidP2P?
If you’re considering an upgrade to your P2P processes, it’s time to explore what RapidP2P can bring to your organisation. Connect with us today – experience the strength of a true partnership in driving success.
