Client Overview
Our client is a company that brings innovation to sales, marketing and distribution with a strong focus on managing supply chains across the globe. They are experts at sourcing, integrated business planning, warehousing, inventory management, domestic and global transport.
Client Challenges
- The client had upwards of 50 loans to repay on a monthly cycle.
- The initial process involved recording manual monthly journals for accruing interests in the bookkeeping platform.
- This left a lot of room for errors that could only be discovered while the reconciliation of accounts and thus, consumed a lot of time.
Befree's Solution
- Befree’s expertise allowed the swift development of an automated system that calculates and generates accurate monthly interests for all the loans at once, each month.
- The output could directly be plugged into the bookkeeping platform, alleviating the need for manual entry.