A fast growing Health & Wellness D2C brand had zero audit observations on liability booking after implementing CashFlo's AP automation solution

industry
INDUSTRY
Health and Wellness D2C
product used
PRODUCTS USED
AP automation
metric
KEY SUCCESS METRIC
Zero audit observations on liability booking process
turnover
TURNOVER
~INR 200 Crore
objective

Objective

To support the hyper-growth stage (growing at >80% y-o-y) for this D2C brand, there was a strong need for establishing process control and governance in their finance processes. The internal audit team had also advised to do away with email approvals or through offline channels. In addition, by eliminating the data entry and manual reconciliations, the founding team wanted the finance processes to be scalable and for the team to focus on strategic and value adding work.
solution

Solution Provided

The client automated their entire liability booking process by using CashFlo's AP Automation solution. Through this solution, the invoices are directly captured from emails. In 95% of the cases, the AP team now just needs to take a glance at the invoice data (which is auto-read through generative AI powered OCR technology) and the invoices get automatically booked. Only in 5% of the cases where there are mismatches with the PO or GRN, the solution identifies the mismatches and saves crucial time. These mismatches can then be handled through the platform with detailed digital audit trails for future audit purposes.
CashFlo's AP Automation solution has been a game-changer for us. It has eliminated the need for email approvals, streamlined approvals process, ensured 100% process compliance and brought transparency into payments for our vendors as well as internal stakeholders.
quotequote
Co-founder
Health and Wellness D2C Brand

Key Impact Area

Zero audit observations on liability booking
results

Results

The solutions we provided helped the company grow exponentially in certain areas and here are some highlights
4x
productivity improvement in liability booking
~5 days
saved in a month on AP processes
100%
approvals streamlined with digital audit trails
Happier
AP Team
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