Information for vendors
As a company committed to innovation and the highest industry standards, Huntsman is always seeking ways to improve performance and efficiency across its global businesses.
With this in mind, we have decided to outsource the management and handling of our accounts payable process to Genpact, a specialist third party that can provide Huntsman with a standardized global invoicing process in line with industry best practice.
Changes will begin to take place through October to the close of 2009. During this time, our key priority is to reassure all our vendors that ‘business as usual' will prevail. There will be no change to your trading terms or payments. However, as you would expect, we are taking meticulous steps to ensure that the transition is seamless.
There are two key changes that vendors will need to be aware of:
- In future, any invoices will need to be sent to a new centralized billing address – you will be informed directly of these details in the coming weeks
- You will also need to quote a purchase order number on your invoices if you do not already do so, as has long been standard practice in most industry sectors
As we approach the transition, we will contact vendors direct to advise on specific changes and any particular action required. We will also confirm details of the new addresses for invoicing. In addition, at this point we will advise when you will need to make the switch over in mailing procedures and any other practical action required.
We urge our vendors to remain alert to further correspondence on this – the exact timing will depend on the location of your company and nature of your business. Please be assured that you will be notified in good time to make the necessary adjustment to your systems and records.
To find out more about the changes, we have included some useful links:
Guidelines on submitting invoices