| Situation
A manufacturer makes over 100 international transfers on the same
day each month. The company was processing these payments through
its bank and had to manually enter each line item and the payment
information for each beneficiary. The process was time consuming
and often error prone. Additionally, its bank had high transaction
fees. |
 |
Solution
RueschLINK's online account management system offers Quick Load,
a complimentary feature that lets clients upload multiple line
items in CSV or XML format. Many standard accounting packages
can import and export files in these formats helping to reduce
double entry when processing orders. Ruesch also offers a complimentary
Stored Beneficiary service that lets clients save beneficiary
information for repeated use. Ruesch will even enter, verify,
and store beneficiary payment instructions on behalf of clients—for
free. |
|
Outcome
Using Quick Load and Stored Beneficiary services, the manufacturer
reduced a process that once took over a day to about half an hour.
Because its beneficiaries' payment instructions were already verified
and stored, the manufacturer's error rate was also significantly
reduced. |
