control and visibility over
of vendor invoices
of hours of employees’
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.
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.
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.
|Invoices:||12,000 per annum|
|ERP System:||Microsoft Dynamics GP|
As the number one international mobile top-up platform in the world, Ding has been keeping people connected since 2006, when it launched this first-of-a-kind service. Today, Ding’s users have successfully sent 400 million top-ups globally, via the app, online at Ding.com, and in-store at over 600,000+ retail outlets worldwide. Ding delivers a top-up every second, via 550+ operators, across 140+ countries – helping families and friends around the world to stay connected. Ding has offices in Barcelona, Bucharest, Dhaka, Dubai, Dublin, London, Miami, New Jersey, Paris, and San Salvador.
“As the largest mobile top-up platform in the world it is keyJonathan Rockett, Chief Financial Officer, Ding
for us to remain competitive and receive true value from our
suppliers. We have been able to achieve this with our
partnership with SoftCo.”