Case Study: India's Premier Real Estate Developer achieves faster, compliant AP automation with MYNDAPX by MYND

India's Premier Real Estate Developer cuts AP approval cycles from 20+ days to 5 days with Mynd

The customer, a premier real estate developer in India, faced significant challenges with its manual accounts payable process. Handling over 4,000 transactions monthly across multiple complex projects, the company suffered from a lack of visibility, vendor payment delays of 20-30 days, and strained contractor relationships. To address this, they partnered with vendor Mynd and implemented its MYNDAPX platform.

Mynd's solution automated the entire AP workflow, featuring a digital vendor portal, intelligent multi-tier approvals, and real-time ERP integration. This resulted in the approval cycle being reduced from over 20 days to just 5 days, ensuring 100% compliance with payment terms. The transformation also delivered a 60% increase in AP team productivity and achieved a 95% vendor satisfaction score.