Thermo Fisher Scientific Increases AP Productivity by 37% With E-invoicing

Fisher Scientific Europe initially utilized Tungsten Network’s solutions to inform and guide P2P efforts across its European offices, which lacked uniformity and efficiency. After initial success, the scope continued to grow across other European offices, with the Fisher team experiencing difficulty adhering to changing country and industry specific mandates. Led by Fabienne Pierrot, Finance Director, Accounting and Audit, Fisher Scientific Europe began working with Tungsten Network to better automate and digitise their regulatory compliance efforts, and implement a uniform system, with standardized protocols, across its European offices.

Fisher Scientific e-invoicing initiative began their digitisation journey to ensure compliance and improve productivity and efficiency within their business. Looking after 3,000 suppliers, one million invoices per year, and utilizing one ERP, the team has leveraged Tungsten Network to guide their automation efforts.

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Meet Fisher Scientific

Thermo Fisher Scientific (TFS) is “the world leader in serving science,” dedicated to improving the human condition through the provision of scientific instrumentation, reagents and consumables, and software and services to healthcare, life science and other laboratories in academia, government and industry. Created in 2006 through the merger of Thermo Electron and Fisher Scientific, the Waltham, MA-based multinational corporation employs more than 75,000 people in 250 countries. Its annual revenue now exceeds $25 billion.

Fisher Scientific