Case Study: TP24 eliminates 40 hours of weekly data processing with Codat

TP24 - Customer Case Study

TP24, a business lending company, faced significant challenges in manually processing its clients' receivables data. This labor-intensive process, which involved transforming data into a usable format for assessment, took one employee 40 hours per week. It created operational risks, inconsistencies, and vulnerability to fraud, increasing their cost to serve. This led them to seek a solution from Codat.

By implementing Codat's data APIs, TP24 fully automated its manual data processing. The solution eliminated the weekly 40 hours of manual work, substantially reducing operational overhead and improving data quality. This allowed TP24 to price connected customers more competitively and meet market expectations for a fast, seamless lending process, keeping them competitive in the SMB lending space.

TP24

Nick Reddyoff

Chief Product Officer