Case Study: Leading Multinational Financial Services Corporation achieves $210,000 in annual savings with Infogix

Reap Cost Savings by Automating Manual Journal Entries

Leading Multinational Financial Services Corporation needed to automate manual journal entries and create an Oracle Financial Account Hub (FAH) business event file that could organize valid files by batch and include cycle/business-day headers for corrected batches. The company engaged Infogix and its Enterprise Data Analysis Platform to replace a manual source system reporting process tied to accounts payable and accounts receivable data.

Infogix implemented configurable business rules, file monitoring, validation checks, lookup sourcing, user reports, and email alerts to automate the daily FAH business event file process. The solution increased reconciliation frequency by 1,500%, reduced 700 manual journal entries per month, eliminated numerous manual steps, saved about 3.5 full-time employees, and delivered over $210,000 in annual savings.