Technologies Used
Azure
UiPath
Power BI
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
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
Solution
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
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
Solution
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
Business Impact
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 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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