Finance Department

Early Payment Discounts Save City Money on Procurements

The City of Houston procures goods and services from thousands of vendors each year. State law requires the City to pay invoices for these goods and services within 30 days of receipt of goods/services or receipt of invoice, whichever is later. This model of purchasing on account or credit is common in government and larger private sector companies. The City's tradition of paying net 30 (paying within 30 days) provides a balance of allowing the City ample time to verify and process the invoice while also ensuring the vendor receives payment within a reasonable amount of time.

FIN - Paving Lien Processing

Project Summary: Decreased the cycle time for processing outstanding paving lien requests by 75% (or, approximately 4 hours).

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Lean Six Sigma (LSS) is a customer centric way of thinking and problem solving that seeks to continually identify and eliminate waste.

FIN - Technology Documents for SPD Secure Print

Project Summary: The technology team has taken on the responsibility to resolve the issue with the Xerox Secure Print and program the personal security code for each SPD staff member. This process is more productive and time can be spent more efficiently. Additionally, the printouts will no longer be shuffled with other employees’ printouts. Less time spent sorting out copies on the Xerox machine or figuring out which copy belongs to who.

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FIN - Grants Management Closing Expired Grants in SAP

Project Summary: Closed over 100 legacy grants valued at over $173M and created a future-state process to close grants upon completion resulting in more accurate financials.

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Lean Six Sigma (LSS) is a customer centric way of thinking and problem solving that seeks to continually identify and eliminate waste.

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