Prior to implementing PeopleSoft Enterprise, Expedia’s process of paying its worldwide network of hotel partners was not very efficient. They required the use of an outside service to handle payments, especially payments in foreign currencies. By using PeopleSoft Enterprise Accounts Payable, Expedia now handles that process, setting up direct automatic clearing house payments to both domestic and international hotel partners. “By implementing PeopleSoft Enterprise Accounts Payable for our merchant hotel business, we’ve been able to save over $1 million annually in bank fees and other costs,” says Schick. “That’s been a tremendous victory for us, exemplifying how effective finance operations can contribute to the bottom line.” (www.expediabusinessadvantage.com)
• Real-time visibility into sales and revenue trends supports fast-paced growth.
• Greater reporting speed and flexibility improves financial analysis and decision making.
• Single source of financial information across worldwide operations...