ARCHITECTING INFORMED DECISIONS
Impactful partnerships B2B Payments Sector USA The Big Data Conundrum Our client, the leading expert in B2B payments in the US, is focused on enabling suppliers to optimize their card acceptance by lowering costs, automating a cumbersome and manual process, simplifying and expediting reconciliation while eliminating their exposure to sensitive card data. For example, One of the prestigious assignments of the organization was to help a manufacturing giant’s Accounts Receivable team take less than five seconds to reconcile credit card payments that may include hundreds of individual invoices. Making such powerful B2B payments solutions a reality for several organizations requires next generation Data Management. And that’s where TIBIL stepped in.
The Technology Challenge Even as they were faced with multiple sources of data, large datasets andreconciliation issues, the client was looking to transform their existing methods of transaction processing. The challenges for us were: Overcoming the issues of scalability, uneven data quality & reliability, delayed processing, dependencies in performing critical tasks, non-standard reporting, and overburdened team members. Coping with manual data processing, no access to historical data, and delayed customer service. Merging and making sense of the vast unstructured data residing in emails and excel sheets.