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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 in Australia and 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.
Team analyzing data for multiple repayment schedule optimization
befree solution on multiple repayment schedule optimization

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.

Results/ Benefits

40% Efficiency Improvement

80% Time Reduction

25% Accuracy Improvement

Increased Visibility and Control

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