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O2I Provided Invoice Data Entry for a California-based Factoring Financial Giant

Case Study on Invoice Data Entry for Factoring Financial Giant

The Client

Today, financial institutions support businesses through factoring to handle cash flow on a day-to-day basis. One of the leading financial institutions from California handling factoring for logistics industry approached Outsource2india to take care of their invoice data entry after going through our website and inspecting the number of invoice data entry projects executed.

Requirements and Challenges

The client handles large volume factoring transactions for logistics industry. With invoices coming in from many logistics, customer data entry and filing in the right section helped to create a regular payment pattern for the client and the customer. The need was to ensure invoices were appropriately filed and also setting payment protocols to ensure smooth flow of payment patterns.

Challenges Faced

For Outsource2india, invoices received were unclear scans which required deciphering and correct entries made. With customers delivering invoices in multiple formats, the invoices were loaded onto client portal and O2I downloaded them and uploaded it back on client's portal after entering correct details in the predefined nomenclature. On occasions, O2I had to create indigenous invoicing pattern to help ease client work.

Our Solution

O2I created invoice factoring forms depending on the need of the client. Invoices received required correction and appropriate filing based on customer and action required. Unclear and bad scans were comprehended, analyzed, and entered in the right sections. To handle this assignment, Outsource2india employed 5 dedicated data entry resources.

Outsource2india's Advantage

The most evident benefits are, O2I saved 60% costs and eased 50% of their invoice data entry work allowing client to work on core business needs and working on other service industries for factoring. For O2I, this was an eye opener and working with a factoring client has geared us to handle high volume invoice centric businesses like BFSI sector.

Outsource Invoice Forms Data Entry Services to O2I

Outsource2india is an outsourcing firm offering a gamut of data entry services including invoice data entry services to global clients. Being in the industry for over 19 years now, we provide highly accurate services that precisely cater to your business needs. Our rich multi-domain industry experience enables us to cater to any type of complex client requests. We also provide online data entry, offline data entry, image data entry, etc.

If you are looking for quick and reliable invoice data entry services, then just get in touch with us.

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