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Case 1: Process
Automation
| Industry |
Financial Services Back-office Processing |
| Size |
15 clients, 25,000 accounts, $10B assets
under administration |
| Department |
Finance/Accounting |
Return
on Investment:
$500K/year
excluding “soft” benefits
Overview:
Very
complex service agreements, unique to each client, required the
accounting department to spend 3-4 hours per client calculating
invoices.
Issues:
56
hours/billing cycle spent calculating invoices, cashflow impacted by
delayed invoices, financial and reputational risk of manual errors,
unable to analyze billing data.
Jerts Solution:
Developed
standard invoice-calculation template flexible enough to adapt to
individual client requirements and changing service agreements via
user-input fields. Automated data extraction and loading, fee
calculations, sanity-checks, prior-period comparisons, attribution
analysis and invoice generation. Reduced invoice
preparation time by 95% (from 3-4 hours per client to 5-10 minutes per
client), eliminated risk of manual errors, enabled billing data
analytics and improved cashflow.
Contact Us for more information
and to arrange a free
consultation.
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