Payment Software
Healthcare Case Study
“Significant savings from LINKS software started from day one! Dataline can help you find out how.”
A major pharmaceutical company that is a manufacturer and a supplier of pharma products was still manually reconciling their bank transactions on a daily basis. Each day a staff member has to extract the information from the Accounts Payable System and Banking System statements for multiple subsidiaries and multiple bank accounts.
LINKS reconciliation has proven itself to be a winner again! From Day 1, the module had automated 90 - 95% of the transactions despite the complexity of its banking environment. Dataline automated the importing of ERP and Bank Statement information, and matched the majority of transactions through the flexible rule-building capability of the LINKS application. For a simple solution, the benefits were great. Productivity gains from the full-time reconciliation staff member and accuracy in cash position helped this major pharmaceutical company to further its growth without additional costs. Actually, the solution paid for itself twice in 12 months because of further unexpected savings such as:
| Item | Initial | Recurring |
|---|
| Reconciliation process savings |
$40,000 |
$40,000 |
| Eliminated errors therefore accurate cash position |
$20,000 |
$20,000 |
| Redeployment of staff resources |
$50,000 |
$50,000 |
| Total savings achieved |
$110,000 |
$110,000 |
Call now on (02) 9882 6301 for your initial meeting with Dataline and let them show you how they can reduce your costs!