How Porter automated 70% of reconciliation tasks
The Challenge
- Due to manual collections, visibility into receivables lagged by 10+ days post-invoice
- Slow reconciliations delayed partner settlements by 5+ days
- Reconciling warehouse inventory, billing and shipments took 7+ days per cycle
- The finance team spent 10–15 days closing books manually
- Preparing balance sheets, P&L statements for seven verticals across 22 cities took 7 days
- The team lacked visibility at an account and sub-ledger level
- This delayed MIS reporting and visibility into cash positions, profitability
The Solution
- Automated receipt reconciliation and interactive AR ageing dashboards give real-time visibility into collections
- Automated matching of shipment logs with enterprise invoicing has reduced manual variance resolution
- By ingesting real-time data from booking, payouts, and billing systems, the finance team has moved to continuous close.
The Outcome
- 3x faster cash conversion
- DSO has reduced from 15+ days to 3-5 days
- 70% reduction in manual reconciliation efforts
- 6x faster month-end close
- 5x faster incentive processing
The Conclusion
Future-proof your finance operations, today
Automate complex finance processes and systems. Accelerate decisions with Bluecopa's Al-powered, real-time insights.
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