Client Overview
Our client is a new and expanding European bank who wanted to mitigate and reduce single-provider-dependability-risk by distributing some work to different service providers and contacted us to develop financial invoicing self-service application complying to industry standards.
Business Challenge
- Use of automation for repetitive, time consuming, tasks
- Providing multiple sort/filter features for ease of use
- Risk bifurcation and tackling mechanism
Solution Highlights
- Verify, approve, or reject the invoices that will help the accounting bureau to make the payments
- Various user interactive features that help users to sort/filter invoices based on their needs
- User can also perform a particular operation on single or multiple invoices
- Automatic email notification on invoice changed
- User can make notes for invoices to provide any additional information to the other users
- Automatic payment process (SEPA)
- Dedicated cross functional teams to check for risks
- Measures like:
– Integrated Risk
– On-Demand Risk
– Lending Credit Risk
Benefits
- Able to quickly identify and mitigate risk due to cross functional teams
- Automation script to reduce errors for the time consuming and repetitive tasks
- User can view records as per their need with the help of multiple sort/filter features
- User can view, and approve or reject invoices as per their roles
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