A large packaging player chose CashFlo's end-to-end product suite to streamline their AP processes

INDUSTRY

Packaging

PRODUCTS USED

AP automation, Payments & Reconciliation, GST Check & Hold

KEY SUCCESS METRIC

Saved 90% integration cost

TURNOVER

~INR 1500 Crore

Objective

As part of the overall digitization drive for this large packaging player, automation of finance processes was a high priority for the leadership. The client wanted to automate end-to-end AP processes, and were evaluating multiple solutions. They were also exploring bank host-to-host integration to solve for bank reconciliations after vendor payments are made. They were looking at 6-8 months of integration timeline and INR >50 L of integration cost across all these solutions. Also, it would take massive bandwidth of the finance team for these integrations.

Solution Provided

The client decided to go with CashFlo's end-to-end Payments and AP Automation suite. CashFlo's solution reads invoices from email directly, uses advanced OCR technology for invoice data reading, automates 3-way match and books liability in the ERP. Approval workflows ensure process adherence and digital audit trails are maintained for audits. Bank reconciliation and payment advice sharing with vendors is also automated. With CashFlo's solution, the client brought down integration time to just 1 month, and integration cost by 90% by integrating the ERP with CashFlo just once, instead of multiple integrations with different solution providers.

We liked CashFlo's solution a lot, as the products are very good and solve for automation of our AP processes. Now we don't need a separate OCR solution, GST solution, and host-to-host integration with banks. I would highly recommend this to all finance teams.