Challenge

Ding, the world’s largest international mobile top-up platform, entered a phase of major growth as demand for mobile top-up grew exponentially around the world. As Ding began to scale across multiple jurisdictions to keep pace with this growth in demand, the manual Procure-to-Pay processes at Ding were proving a barrier to their growth plans. Ding needed a solution to automate 12,000 supplier invoices per annum to support their aggressive expansion plans.

Solution

SoftCo Accounts Payable Automation processes SoftCo provides Ding with an end-to-end Procure-to-Pay solution, incorporating all elements from procurement through to supplier invoice capture, matching, and approval ready for payment. The solution enables Ding to capture invoices electronically on receipt and reducing the time required and improving the accuracy of invoice registration and validation. The auto-match of each invoice saves hundreds of hours of employee time and facilitates straight-through processing of invoices. The solution is fully integrated with Ding’s Microsoft Dynamics GP ERP system.

Results

SoftCo Procure-to-Pay provides Ding with full control over its entire procurement process, from supplier management through to supplier invoice capture, matching, and approval. The solution has improved visibility and is saving hours in invoice matching & approval times per month. The auto-match function ensures 70% straight-through processing of invoices. The solution gives 100% control and visibility and enables finance personnel to calculate the value of in-process invoices, supporting better cash flow management. Month-end close and accruals are completed faster, saving each employee about a day a month, every month.