Case Study

Prioritizing Efficient Vendor Payments With Comprehensive Global Payments Information

Prioritizing Efficient Vendor Payments With Comprehensive Global Payments Information

Grundfos, a 79-year-old leader in sustainability, inclusion, and business success, makes water accessible and reliable worldwide while prioritizing energy efficiency and environmental protection. Experiencing continued growth and expansion into new global markets, the company processes around 270,000 vendor payments annually across the European Union, North and South America, and parts of Asia Pacific. To achieve key goals of greater efficiency and automation in vendor payments workflows, Grundfos partnered with LexisNexis, which streamlined straight-through processing by ensuring correct payment details from the start, supporting company-wide initiatives for automated payments and purchasing.

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