Aiming to mitigate potential profit losses from operational inefficiencies, a leading multinational automobile manufacturer engaged Valuement, a Mantu brand. Focused on their intricate supplier network spanning 15 out of 30 factories in France, the challenge was to identify and rectify errors in VAT, currency, payments, and credit notes.
Valuement’s strategic approach yielded impressive outcomes. The Mantu brand guided and supported the automobile manufacturer in recovering €7 million in total: €2.5 million from duplicate payments, €3 million from credit notes, and €1.5 million via VAT recuperation. The project also lowered error rates between 2021 and 2022, enhancing internal processes.
Valuement’s involvement streamlined accounting procedures by directly engaging suppliers, improving overall supplier management. Despite hurdles like complex approvals and remote departments, Valuement’s resolute commitment ensured timely delivery of comprehensive reports. With a target of €10 million for future recovery, Valuement extended the client’s scope, expanding their focus on worldwide branches, and cementing the brand’s status as a trusted ally. This collaboration underscores the transformative potential of strategic value recovery in enhancing financial precision and operational efficiency.