Thermo Fisher Scientific increases AP productivity by 37% with e-invoicing
Fisher Scientific Europe invoice automation success involves a full commitment by its AP department. Fisher partnered with Tungsten to onboard suppliers and help company stakeholders better understand digitisation benefits,
Thermo Fisher Scientific (TFS) is “the world leader in serving science,” dedicated to improving the human condition through the provision of scientific instrumentation, reagents and consumables, and software and services to healthcare, life science and other laboratories in academia, government and industry. Created in 2006 through the merger of Thermo Electron and Fisher Scientific, the Waltham, MA-based multinational corporation employs more than 75,000 people in 250 countries. Its annual revenue now exceeds $25 billion.
Fisher Scientific Europe initially utilized Tungsten Network solutions to inform and guide P2P efforts across its European offices, which lacked uniformity and efficiency.
More recently, Fisher Scientific Europe began experiencing difficulty adhering to changing country and industry specific mandates. Led by Fabienne Pierrot, Finance Director, Accounting and Audit, Thermo Fisher Scientific began working with Tungsten Network to better automate and digitise their regulatory compliance efforts.