A leading provider of "on-demand" private aviation
services was facing critical inefficiencies in its
invoicing process, which posed a significant risk to its
financial operations and overall productivity. Managing
a diverse fleet with over 100 distinct invoicing
templates and numerous exceptions resulted in
inconsistencies throughout the invoicing process.
These challenges hindered the accuracy of invoicing
and resulted in substantial delays in monthly reporting,
negatively impacting cash flow. The complexities of
the invoicing process drained resources, both in terms
of manpower and time, making it a pressing concern
for sustainable business operations.
To address the challenges effectively, Nexdigm
adopted a structured approach tailored to the client's
specific needs:
- Issue Identification and Rule Development
- Solution Development and Risk Mitigation
- Data Analysis and Standardization
- Scalable Smart Rule Engine
Following the implementation of Nexdigm's solution,
the client experienced a notable impact across various
aspects of their operations:
- The overall payable process was simplified,
resulting in 73 % reduction in time, reducing
complexities, and enhancing ease of operation for
the client.
- The scalable process enabled integrating any new
vendors faster in the new automated model.
- The implementation resulted in substantial FTE
savings, freeing up resources for other strategic
initiatives.
- Accuracy levels were significantly enhanced,
reducing errors and ensuring greater reliability in
financial operations.
