Fintech: an asset for supplier teams 

Overseeing invoicing and anticipating payment are major undertakings for an international organisation like L’Oréal. We rolled out an efficient new system this year to manage the geographical and volume-related complexities of billing within a given timeframe and reduce time-to-payment for suppliers. Thanks to data mining technology, all accounting information is condensed into a single dashboard, saving a considerable amount of time for our teams. The system also enhances visibility for all accounting and makes the process more efficient. Fintech makes it possible to focus the expertise and talent of our teams on more value-added tasks, like strategic analysis, and to honour our commitments to suppliers more quickly.