Automated Management of Invoicing and Payments
Automating invoicing and payment processes helps streamline financial operations, reduce errors, and improve cash flow. LinKoeos provides tailored automation solutions to enhance your financial management efficiency.
Case Study 1
Automated Invoice Processing
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Context: A retail business was manually processing hundreds of invoices every month, leading to delays in payment and reconciliation.
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Problem: Manual processing of invoices was time-consuming, and errors in data entry caused frequent discrepancies.
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Solution: LinKoeos implemented an OCR-based invoice automation system to automatically extract data and integrate it into their accounting software.
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Before/After: Processing time was reduced from 5 days to less than 24 hours, and discrepancies were reduced by 85%.
Case Study 2
Payment Reminders Automation
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Context: A service company was facing delayed payments due to missed or late reminders to clients.
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Problem: Late payment reminders were manually handled, often being sent too late or not at all, leading to cash flow issues.
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Solution: LinKoeos automated payment reminder emails and SMS notifications, ensuring timely follow-up with clients for overdue payments.
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Before/After: Late payments decreased by 30%, and cash flow improved significantly.
Case Study 3
Reconciliation Automation
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Context: A manufacturing company had issues reconciling payments received with invoices due to manual processing errors.
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Problem: The reconciliation process was slow, and there were frequent mismatches between payments and invoices.
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Solution: LinKoeos implemented an automated reconciliation system that matched payments with invoices in real-time, reducing manual oversight.
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Before/After: The reconciliation process time was cut by 60%, and the accuracy of matching payments with invoices improved by 90%.
Our Invoicing and Payment Solutions
Invoice Data Extraction
Automate the extraction of invoice data using OCR technology, integrating it directly into your accounting software.
Payment Reminders
Automate the scheduling and sending of payment reminders via email or SMS, ensuring clients are always aware of upcoming deadlines.
Real-Time Reconciliation
Automate the reconciliation of payments with invoices, reducing errors and manual intervention.
Payment Tracking Dashboards
Use Power BI to track payments, outstanding invoices, and cash flow metrics in real time.
Our Methodology
Solution Deployment
Our experts deploy tailored automation workflows to optimize your invoicing and payment operations.
Process Analysis
We analyze your invoicing and payment processes to identify key areas for automation.
Training and Support
We provide training to your financial teams and ongoing support to ensure smooth operation and maximum efficiency.
