Optimising Pharma Supply Chain Payments

Synopsis

– Despite being a payments technology company, Mastercard struggled to improve the efficiency of its supply chain payments operations, and we’d like to understand how this compares with pharma, which will be far more complex
– Mastercard has 30,000+ Purchase requisitions a year across 180 countries
– Payment terms were disparate – we aimed to standardise terms across our supplier base
– We created a tool called Global Treasury Intelligence to become the “air traffic control” for Mastercard’s Sourcing and Supplier team
– It’s given us visualisation across our ERP and Procure to Pay systems unified into a single interface, enabling us to drill into the data (historically has needed to be manually joined)