Case Study: Inside Stericycle’s successful transformation project
Stericycle’s Project Monarch has successfully transformed over 500 business system processes to a harmonized landscape of just over 50 within four core applications. This has helped reduce customer invoicing from days/weeks/months to seconds/minutes/hours; shorten financial closes from over 28 days to less than a week; and drive management of indirect spend from less than 10% to more than 90%. In addition, attendees to this session will also learn how Stericycle was able to:
- Leverage standard processes to integrate business acquisitions within weeks, rather than months
- Automate and integrate systematic controls to replace manual ones
- Digitize processes to eliminate paper-based systems and add improved accuracy and quality
- Embed real-time data and analytics to replace incorrect, incomplete, and stale data