25%

Increase in spend efficiency

39%

Reduction in invoice processing time

54%

Decrease in manual errors​

Technologies Used

300x76 Informatica
Informatica
Client Profile

The client, Trax, is a leading technology company offering spend management solutions that empower organizations with globally complex supply chains to gain control and visibility into their transportation spend. The client works with global retailers, manufacturers, and life sciences companies that deal with multiple trading partners and process huge volumes of invoices every day. The client, through Freight Audit Payment (FAP) services, ensures every single shipping invoice is received, audited, and processed on time every time with utmost efficiency. The transaction entails massive data that needs a fool-proof electronic data exchange system to work between the company and its partners

Business Context

While dealing with organizations with complex transportation supply chains, the client received multiple logistics invoices that must be audited and processed for every carrier involved in delivering, small or big. The client faced challenges managing the entire invoice processing, as handling multiple file formats proved to be a cumbersome and time-consuming task, leading to loss of productivity, increase in errors, and operational costs. Due to the lack of visibility on transactions within the transportation network, enhancing logistics spending efficiency seemed difficult. To solve the problem for its customers, Trax wanted to establish a data exchange system that allowed customers to collaborate with multiple trading partners and enable secure data exchange between the companies to process the invoicing data

challenges

Challenges

Dealing with multiple invoices in various formats hampered productivity, increased errors, and incurred significant costs​


​Insufficient visibility into transportation network transactions hindered global logistics, impacting timely invoice payment​​​


Manual and cumbersome invoice handling led to delays in payment processing, causing financial strain on stakeholders​


Solution

Implemented Informatica B2B platform for standardized invoice data exchange, driving efficiency and fewer errors


​Leveraged Informatica’s data transformation capabilities, improving data visualization for enhanced decision-making


Created an integration layer to consolidate disparate data, empowering executive management with business insights

solution

Challenges

Dealing with multiple invoices in various formats hampered productivity, increased errors, and incurred significant costs​


​Insufficient visibility into transportation network transactions hindered global logistics, impacting timely invoice payment


Manual and cumbersome invoice handling led to delays in payment processing, causing financial strain on stakeholders​


Solution

Implemented Informatica B2B platform for standardized invoice data exchange, driving efficiency and fewer errors


​Leveraged Informatica’s data transformation capabilities, improving data visualization for enhanced decision-making​


Created an integration layer to consolidate disparate data, empowering executive management with business insights​

Business Impact

Analytics Icon

Efficient Management of Business Transactions

Standardized invoice data exchange has reduced errors and enhanced business transaction efficiency. With automated validation and data transformation, we achieved streamlined communication, accelerated data exchange, and improved accuracy

insights-icon

Improved Scalability Opportunities

Informatica’s data transformation capabilities improved data visualization for better decision-making, enhanced scalability by accommodating diverse data sources and evolving business needs seamlessly

Strengthened Data Security

The newly implemented data architecture helped identify where sensitive data is flowing, allowing us to avoid any potential security breach by taking momentary action, fortifying data security

Why Kanerika?

Kanerika is a premier provider of data-driven software solutions and services that facilitate digital transformation. Specializing in Data Integration, Analytics, AI/ML, and Cloud Management, Kanerika prides itself on its expertise in employing cutting-edge technologies and agile methodologies to ensure exceptional outcomes. With a proven track record across various industries, Kanerika maintains rigorous quality standards, backed by ISO 27701 certification, SOC II, and GDPR compliance. As a distinguished partner of Microsoft, AWS, and Informatica, Kanerika’s commitment to innovation and strong partnerships positions it at the forefront of empowering businesses for their growth.

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