The costumer had to wait too long for their receivables and had to hire someone full time to manage the debtor and invoice collection process.
A company was faced with the challenge of optimizing its debtor and invoice collection process in order to receive the money faster and improve its cash flow. However, smaller companies have limited resources and the customer was faced with the decision to hire an employee to manage debtor and invoice collection or to find another more cost-effective solution.
The customer decided for an easy online-service, helping companies on-demand to get their cashflow managed, by a smart outsourced debtor and invoice collection process
The solution was an online service, where the customer could register and upload his invoices. By adopting the online identification process, a user does not have to go to the post office and waste time in a queue. After that the customer can upload all invoices. The fees are displayed directly to the customer. In the next step, the invoice is checked and as the solution provider carries out the invoice verification process, the risks that are taken on are limited and controlled and kept to a low level, which allows to operate smoothly for the long haul. When the customer submits the invoice, the money is transferred on the same day, at the latest on the following day. For the customer it was the cheapest and fastest solution for his current situation. Additionally the customer could use the invoice generation tool provided by the service provider to all customers to create proper invoices.
Sought financing from banks or other SME financing providers.
There is no implementation needed, as it´s an online service.
Integrations or APIs
The standard process does not require any integration or API, unless a customer chooses to be integrated with our accounting tool or becomes an affiliate
Where is the data stored?
AWS Frankfurt am Main