Fueling Digital Transformation in Contractual Finance Management System for Retailer


Enhancing the processing performance of a major retailer through digital transformation of financial service system.

Business Need

Enhancing the Productivity and Operational Efficiency

The client, a leading retailer, was looking to initiate the digital transformation of their finance division. As a part of this makeover, the client sought an innovation partner who could help them with a seamless transition to the new scalable business system. To begin with, they wanted a competent self-winding framework, that is simple and robust to monitor and support their contractual finance system efficiently.

The transaction spreadsheets they handled earlier consumed a lot of time and effort and inhibited effective business scale up. This brought in the need for an innovative monetary solution that utilized their immense resources augmenting the scale-ups driving productivity in the business.

Ignitho’s Solution

Ignitho’s Innovative approach that leveraged a Rapid Application Development eventually built an optimized automated financial solution using PHP that transformed the way our client managed their transactions. The portal enabled them to boost their productivity by shifting the focus from the manually managed contractual finance system to automated processes. The automated financial process solution thus became a hub for all the finance operations and updates within the client’s corporate grid.

The entire journey of finance automation was iterative and agile with Ignitho’s business analysts and technology team working along with the client, refining the prototype collaboratively. Thus, the end-product delivered the anticipated results for the client rapidly, using Frugal Technology Innovation methodology.

Benefits Delivered

With Ignitho’s customized Digital Analytics Framework in the finance service; an error-free, easy-to-handle and time-saving application; the client could evaluate, facilitate and synchronize the financial process to create an efficient platform for billing.

continual billing errors
Overall Processing performance
INCREASED BY
%
Overall Accuracy
INCREASED BY
%
DECREASED BY
%

Client Speak

Why our customers love us

Rachel Panther

Business Support Director,
Oxford Innovation

Ian Price

Program Manager, P&H

Carl Walker

IT Director, BodyPower

Recognitions

Thought Leadership

Our authors

Jaideep Prabhu

Professor, University of Cambridge

John Monks

IT Leadership Roles, NYPD & HP

Alison Booth

IT Leadership Roles, Balfour Beatty, Allianz

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