REG - Glantus Holdings PLC - Customer Win - Bunzl plc

Glantus HoldingsAnnouncement

05/07/2022 07:00

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RNS Number : 2714R  Glantus Holdings PLC  05 July 2022

 

Glantus Holdings plc

("Glantus" or the "Company")

 

CUSTOMER WIN

 

Bunzl selects Glantus for Recovery Audit and Automated Statement
Reconciliation

 

Glantus plc (AIM: GLAN), a leading provider of software as a service ("SaaS")
solutions delivering automation and analytics to the Accounts Payable ("AP")
function, is pleased to announce Glantus has been chosen by Bunzl plc
("Bunzl") to provide a recovery audit and an automated statement
reconciliation solution for it's UK / Ireland businesses. This Glantus
solution enables a self-funding model to identify the root cause of issues,
find lost working capital and unlock the use of that capital to automate
manual processes in line with Bunzl's continuous improvement model.

 

After a detailed evaluation, Bunzl has appointed Glantus to streamline the
process, reduce mistakes, consolidate their data, and give real time
reconciliation reports. This will ensure and deliver the efficient, timely and
accurate presentation of monthly/quarterly accounts and cashflow projection
reporting for their finance shared service centre and the UK/ Ireland business
as a whole. The task of reconciling the creditor's ledger against supplier
statements is an essential financial control for Bunzl, but it can be a
manual, onerous, time-consuming task. Bunzl sought a provider to support them
on a project to transform the AP function.

 

Proven integration with Bunzl's ERP stack, combined with Glantus' experience
within the audit recovery space and strong relationships with stakeholders
across various levels, were key factors in Bunzl choosing to partner with
Glantus.

Laurence Hill, Finance Director UK & Ireland said, "We saw Glantus as an
ideal fit, with their track record of identifying working capital and their
ability to use that capital to automate AP processes in one single project,
with a strong alignment to our technology driven transformation programme."

James Welch, Glantus Managing Director, EMEA said, "Bunzl are a leading
innovative distribution organisation and have great foresight in leveraging
technology to give their teams an edge in dealing with their global supplier
reach. We are delighted to have the opportunity to work with Bunzl in
progressing their automation vision and streamlining their AP initiatives."

For further Information visit www.glantus.com (http://www.glantus.com/)
,follow on twitter @GlantusLTD or contact:

 

 Glantus Holdings plc                                           via Flagstaff

 Maurice Healy, Founder and Chief Executive Officer

 Grainne McKeown, Chief Finance Officer

 Shore Capital Nominated Adviser and Broker)                    +44 20 7408 4090

 Patrick Castle / John More / Tom Knibbs (Corporate Advisory)

Andrew Beswick (Corporate Broking)

 Flagstaff Strategic and Investor Communications                +44 7710 718 649

 Tim Thompson/Mark Edwards/Fergus Mellon

 glantus@flagstaffcomms.com

 

About Glantus Holdings plc

Glantus Holdings (AIM: GLAN) Glantus is a global provider of accounts payable
automation and analytics solutions. Glantus' mission is to harness technology
to drive innovation, unlocking efficiencies in AP to maximise working capital
for global enterprise organisations. The award-winning Glantus DataShark
Platform connects all AP systems and suppliers on one agile platform,
eliminating cost and delivering new revenue streams. We work in tandem with
our partners to deliver joint enterprise digital transformation solutions. For
more information see glantus.com (https://www.glantus.com/) .

 

Founded in 2014 and headquartered in Dublin, Glantus has offices in the United
States, United Kingdom, and Poland, employing over 120 people.

 

 

 

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