Puma Outsourced its Billing Processes and Brought in Some Savings

CFO MAGAZINE–Golf clubs and running shoes ship out every day from the facilities of sporting-goods maker Puma to 11,000 retailers across the country like Dick’s Sporting Goods and Foot Locker. And every time they ship, a new invoice is created. That can yield up to 2500 invoices per day, all of which Puma employees in Massachusetts used to print out, fold, sort, bring to the mail room and finally to the post office for bulk rate prices. That all changed about 18 months ago, when Good began outsourcing the billing process. Now, the company sweeps all invoices to a company called Billtrust at the end of each day using a secure file transfer protocol …Read More