Logistics Spend Analytics with an Innovative Invoice Management System

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Home Case Studies Transforming Logistics Spend Analytics with an Innovative Invoice Management System

17%

Increase in cost savings

41%

Reduction in processing time

85%

Invoice processing accuracy

About Client

The client is a global leader in Spend Management, known for their cutting-edge cloud-based applications and deep industry expertise. Their transformative solutions have revolutionized Logistics, particularly in freight and parcel audits, empowering customers to control global logistics spending and enhance operational efficiency. With footprints across North America, Latin America, Asia, and Europe, they provide data-driven visibility, higher savings, and better control of transportation spending for shippers of all sizes.

Unveiling Success

Overcoming Business Challenges and Enhancing Operational Efficiency with Advanced Solutions

As part of their spend management analytics operations, the client assumed the pivotal role of meticulously reviewing and validating logistics invoices received from various transportation companies. A notable challenge they faced revolved around the accidental occurrence of invoices being loaded into their system multiple times. Consequently, this situation introduced the risk of making multiple payments for a single invoice, potentially disrupting financial operations. Recognizing the critical need for an efficient and streamlined solution, the client sought a robust invoice payment system to address this issue effectively.

Challenges

Manual logistics invoices compiled from various sources resulted in duplicates, causing potential financial discrepancies
Duplicate invoice entries raised conflicts and posed a risk of multiple payments, negatively impacting client relationships
Ambiguity in invoice management system resulted in a lack of clarity and customer dissatisfaction, reducing retention rates

Solutions

Optimized the invoice processing software, minimizing financial losses and ensuring accurate processing
Streamlined invoice automation, matching, and reconciliation, boosting operational efficiency
Enhanced client control over transportation spending, enabling adequate budget allocations in real-time

Tools and Technologies Deployed

Maximizing Business Value

The Business Impact and ROI Realized Through Our Advanced Solutions

Enhanced Financial Security

Significantly reduced risks of financial losses caused by duplicate or missed payments, ensuring a more secure economic operation.

Streamlined Efficiency

Enabled the client to process invoices more swiftly and with fewer errors, reducing operational bottlenecks with invoice processing software.

Improved Spending Visibility

Enhanced visibility and control over transportation spending, allowing better-informed decisions regarding the allocation of their logistics budget that optimized resource allocation.

Enhanced Client Retention

Lowered the likelihood of disputes or conflicts related to payments with an automated invoice system that encouraged transparency.

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 & 27001 certification, SOC II, and GDPR compliance. We are also CMMi Level 3 appraised, further accentuating our commitment to quality service delivery. 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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