about OCL
OCL was developed to address the complexities of invoice management in the cargo industry. With multiple suppliers, clients, and international transactions, managing invoicing manually led to delays, errors, and compliance issues. The need for an automated system that could handle invoice generation, payment tracking, and tax regulations became essential.
30,000
+
Hours delivered back to the business
100
+
SOX compliance in Settlement process automation
95
+
Success rate of bot case completion
6
+
For functional release of OBT, RTS and OGS
The Challenge
Developing OCL required overcoming several industry-specific challenges, including:
- Manual Invoice Processing Delays: Automating the invoice generation process to reduce errors and delays.
- Complex Supplier & Client Transactions: Managing multiple stakeholders with different payment terms and agreements.
- Multi-Currency & Tax Compliance: Ensuring international transactions comply with varied tax laws and regulations.
- Lack of Real-Time Financial Visibility: Providing accurate and real-time financial tracking for suppliers and clients.
- Security & Data Protection: Implementing stringent security measures to safeguard sensitive financial data.
What did
Krptoninc do
The platform was implemented in structured phases to ensure seamless adoption and efficiency:
- Stakeholder Integration: Onboarded suppliers and clients with a tailored invoicing system.
- Automated Workflow Implementation: Developed automated triggers for invoice generation and payment reminders.
- Compliance & Security Audits: Ensured tax regulations, multi-currency support, and data security measures were in place.
The Results
- Faster Invoice Processing
- Seamless Supplier-Client Transactions
- Global Compliance & Multi-Currency Support
- Real-Time Financial Insights
- Enhanced Security & Data Integrity
The technology that we use to support Paysafe
JavaScript
TypeScript
Node.JS
React
Swift
Java
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