Fintech and billing
An automated billing and clearing engine for high transaction volumes
A custom billing engine that replaced manual work, cut operational billing errors by about 90% and shortened days sales outstanding.
The results in numbers
- ~90% fewer operational billing errors
-
Shorter days sales outstanding, from real time automated settlement
The context
The client is an organization with high transaction volumes that runs a complex collection operation across thousands of end customers and suppliers. Every billing cycle has to match what actually happened, across every customer and supplier.
The problem
Billing leaned on manual processes. Every manual step added errors, the data was not in sync with the bank clearing houses, and invoicing and collection slipped whenever the numbers did not line up.
What Target built
We built an automated billing and clearing engine shaped around the client’s pricing models. It connects directly to payment gateways and to the financial management systems, and runs settlement end to end: calculation, invoicing, clearing and reconciliation, with a current view of cash flow.
Results
Operational billing errors fell by about 90%. Settlement runs in real time against the clearing houses, and days sales outstanding came down with it.