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Manufacturing giant slashes accounts payable processing time by 90%
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A leading brokerage firm with 10,000 branches nationwide managed an average of 20,000 checks per day. Each branch had a local banking relationship and made 1 to 2 daily trips to the bank for deposits. There were 22 full-time and part-time employees at the HQ handling reconciliation and research.
One of the world’s largest retailers with a significant presence in the USA, Mexico, China, and India was looking for a service partner to handle its accounts payable invoice processing.
With a commanding 39.5% market share in India, the client wanted to improve its invoice processing efficiency to sustain its competitive edge.
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