Avantgard Paynetexchange Case Study
AVANTGARD PAYNETEXCHANGE CASE STUDY
The Pepsi Bottling Group
THE PEPSI BOTTLING GROUP LOWERED COSTS AND MAN-HOURS BY IMPLEMENTING AVANTGARD PAYNETEXCHANGE
The Pepsi Bottling Group Inc. has been able to reduce its overall cost to produce checks and W9’s by about 25% with AvantGard PayNetExchange.
Pepsi-Cola beverages per day. PBG’s focus is on superior sales execution, customer service, merchandising and operating excellence.
BACKGROUND
The Pepsi Bottling Group Inc. (PBG) is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages - which includes some of the world’s most recognized consumer brands. PBG became a publiclytraded company in March 1999. PBG generates nearly $11 billion in annual sales. It operates in the United States, Canada, Greece, Mexico, Russia, Spain and Turkey, accounting for more than one-half of the Pepsi-Cola beverages sold in North America, and about 40 percent of the PepsiCola system volume worldwide. The PBG sales force of more than 30,000 customer representatives sells and delivers nearly 200 million eight-ounce servings of
PAYMENTS STRUCTURE
Up until 2004, PBG had printed all AP checks and W9 letters in-house. This internal function produced roughly 900,000 checks and 50,000 W9s in 2003. A dedicated production team of two and a half people worked to produce anywhere from 800 checks to over 20,000 checks in a single day. Providing this check printing service was no small feat. By using a laser check printing solution, the process was still very complex, and fraught with manual processes. Following are just a few of the challenges the former PBG internal printing operation faced: l The process involved an array of forms, logos, check stock, and bank accounts Check applications included accounts payable, customer payments, payroll, reimbursements, and commission checks with each application having unique handling requirements
l
THE PEPSI BOTTLING GROUP
Industry: Location: Revenue:
The Pepsi Bottling Group
THE PEPSI BOTTLING GROUP LOWERED COSTS AND MAN-HOURS BY IMPLEMENTING AVANTGARD PAYNETEXCHANGE
The Pepsi Bottling Group Inc. has been able to reduce its overall cost to produce checks and W9’s by about 25% with AvantGard PayNetExchange.
Pepsi-Cola beverages per day. PBG’s focus is on superior sales execution, customer service, merchandising and operating excellence.
BACKGROUND
The Pepsi Bottling Group Inc. (PBG) is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages - which includes some of the world’s most recognized consumer brands. PBG became a publiclytraded company in March 1999. PBG generates nearly $11 billion in annual sales. It operates in the United States, Canada, Greece, Mexico, Russia, Spain and Turkey, accounting for more than one-half of the Pepsi-Cola beverages sold in North America, and about 40 percent of the PepsiCola system volume worldwide. The PBG sales force of more than 30,000 customer representatives sells and delivers nearly 200 million eight-ounce servings of
PAYMENTS STRUCTURE
Up until 2004, PBG had printed all AP checks and W9 letters in-house. This internal function produced roughly 900,000 checks and 50,000 W9s in 2003. A dedicated production team of two and a half people worked to produce anywhere from 800 checks to over 20,000 checks in a single day. Providing this check printing service was no small feat. By using a laser check printing solution, the process was still very complex, and fraught with manual processes. Following are just a few of the challenges the former PBG internal printing operation faced: l The process involved an array of forms, logos, check stock, and bank accounts Check applications included accounts payable, customer payments, payroll, reimbursements, and commission checks with each application having unique handling requirements
l
THE PEPSI BOTTLING GROUP
Industry: Location: Revenue: