CASE STUDY

Optimization of multiple repayment schedules

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.