Case Study - Financial Service


Car and Home Insurance Service Provider


Improve Billing and Invoice Procedure into the Flow of Daily Businesses





Financial Service @FlexSystem
   
Key Issues
1. Paper-intensive environment
2. Data consolidation
3. Revenue Recognition calculation and business analysis




Facts at a Glance
1. Global Employees: 10,000+
2. Specializing in providing car and home insurance mainly in Hong Kong SAR
 
 
FlexSystem Solution
1. Financial Management
2. Financial Query
 
 
Needs and Challenges
1. Data collection requires significant manpower and consolidation efforts.
2. Lack of tools to measure processing time and operations.
3. Spreadsheet program limitations hinder meeting all business requirements.
4. Tracking outstanding payments and contracts is difficult due to potential document loss or pending status.
5. Complex spreadsheets make it challenging to calculate revenue recognition accurately and track
 
 
Benefits
1. Cost-saving billing solution
2. Automation of billing tasks
3. Enhanced information sharing
4. Improved management insights
5. Process automation and expedited delivery
6. Reduced payment processing errors
 
Copyright© 2024 FlexSystem. All rights reserved. The word and design marks set forth herein are trademarks and/or registered trademarks of FlexSystem and/or related affiliates and subsidiaries. All other trademarks listed herein are the property of their respective owners. This document is provided for informational purposes only and does not constitute a commitment to you in any way. The information, products and services described herein are subject to change at any time without notice. www.flexsystem.com.