How EkaCare achieved 85% improvement in operational efficiency

Company Overview

Ekacare is a health-tech startup founded with an aim to build an AI-powered digital health ecosystem in India. Founded in 2020 in Bengaluru, India, Ekacare helps users manage their personal health records while providing a clinic management tool for doctors.

HQ

Bengaluru, India

Founded

2020

Industry

HealthTech

Use Cases

Reporting Automation & Data Reconciliation

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The Challenge

The CFO’s primary objective was to address manual bottlenecks in the finance team’s reporting process. With a lean team at hand, repetitive tasks around The end goal was to automate reporting on key finance metrics and achieve real time visibility into the financial health of the business.

Due to a fractured finance tech stack, finance data was scattered across multiple tools and systems.
Without a single source of truth, building a unified picture of the company’s finances was challenging.
The entire workflow to collate data on key finance metrics and building reports was manual and time consuming
Due to slow reporting, the CFO lacked real time visibility into the financial health of the business.

The Solution

When the Eka Care finance team went live with Bluecopa, they were able to consolidate data from multiple tools and sources and build the much needed single source of truth
With data getting synced automatically from all sources, the finance team now had access to real time data in one central location
The team implemented Bluecopa’s continuous reconciliation solution, which consolidated data from multiple sources to produce clean, accurate datasets for reporting
The finance team set up custom dashboards to track key metrics. With these dashboards, the CFO now gets an instant snapshot of the financial health of the business.

“What took us earlier two days in some being accomplished in a matter of an hour or two. Bluecopa has become an integral part and is taking us towards tech-driven finance operations.”
Piyush Bajla, CFO of Eka Care

The Outcome

85% improvement in operational efficiency
98% accuracy in spotting discrepancies
150 man hours saved every month

The Conclusion

Before Bluecopa, the finance team’s bandwidth was stretched thin by repetitive, manual data collation work. With bluecopa, the team were able to focus on high value activities like financial planning and analytics, leaving the rest to us.