Payment Software
Corporate Case Study
Dataline rescues company from replacing their ERP system and improves their payment and reconciliation processes AND saves them more money!
Like most multinational companies, this FMCG organization in the beverage industry had grown significantly over the years through acquisitions. There were multiple subsidiaries that were spread across 2 countries and 5 Australian states. The company was looking to consolidate all of its bank accounts by operating one bank account for the various brands. Their banking partner was able to establish a sub account for each brand where each sub account was identified by their specific range of cheque numbers. However, the company’s ERP system was aligned with the manufacturing environment and it could not handle the processing of payments and reconciliations for split accounts in one bank account.
The company was faced with a system barrier that prevented them from continuing with their strategic direction. Furthermore, the system prevented them from significant cost savings initiatives centred on cash consolidation. Replacing the system would have been a costly exercise that would have taken away the initial benefits of their strategic move. However, they were fortunate to have Dataline to come to the rescue.
Dataline implemented LINKS Enterprise solution would meet their goals without replacing their ERP system and handle multi-currencies and multi-accounts environment. Dataline worked closely with the client to develop the solution that they wanted.
Dataline helped achieved the following savings:
| Item | Initial | Recurring |
|---|
| Reduce cheque stationery costs |
$50,000 |
$50,000 |
| Daily Cash Position by 9.30am |
$100,000 |
$100,000 |
| Increase business without increasing staff costs |
$50,000 |
$100,000 |
| Productivity gains on cheque production process |
$100,000 |
$100,000 |
| Flexibility to move to EFT environment |
$100,000 |
$100,000 |
| Flexibility to centralize operations over 2 countries |
$120,000 |
$100,000 |
| Reduce costs for remittances by linking to email/fax gateways |
$50,000 |
$50,000 |
| Total savings achieved |
$570,000 |
$600,000 |
Call now on (02) 9882 6301 for your initial meeting with Dataline and let them show you how they can reduce your costs!