Most companies struggle to align Treasury’s focus on cash preservation (the “Ivory Tower”) with Procurement’s need for supplier stability (the “Ground Truth”).
In this installment of the Digital Transformation in Action series, join The Hackett Group analyst, Bryan DeGraw, and Pfizer’s, Director of Global Procurement & Chief of Staff to the CPO, Alexander Zimmerman, to explore how Pfizer broke down these functional silos to achieve world-class working capital metrics.
Moving away from a “patchwork” of fragmented data, regional ERPs, and disjointed bank portals, Pfizer embarked on a “One Truth” transformation to seamlessly consolidate their disparate payables programs under a single SAP framework. This session will detail how Pfizer utilized SAP Taulia as the unified “execution layer” to deploy a multi-product toolkit that includes Supply Chain Finance, Dynamic Discounting, and Virtual Cards.
Attendees will learn how Pfizer’s digital treasury and IT teams used this cohesive approach to:
– Toggle seamlessly between P&L and Balance Sheet benefits, strategically deciding when to capture yield versus when to extend terms.
– Scale early payment options beyond just top-tier suppliers to the entire supply base.
– Establish a “single source of truth” that successfully bridged Treasury and Procurement goals while exceeding internal working capital targets.
Featured Speakers:
Bryan DeGraw
Analyst, The Hackett Group
Alexander Zimmerman
Director, Global Procurement (Working Capital Lead), Pfizer
Charles Brough
VP Global Head of Account Management, SAP Taulia