Efficiently Manage Your HR and Finance Tasks
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Case Study
The Remarkable Financial Revolution: FinFloo has Successfully Improved the Payment Process by Up to 85% Faster
FinFloo’s founder colleague recommended the Jack service, which eliminated the previous manual process, making it faster, efficient, and reliable.
Outcomes Experienced by Finfloo After Utilizing Jack
85%
Increased delivery rate to Finfloo's clients per year
95%
Streamlined reimbursement submission, approval, and payment per year
Industry
Financial Technology
Product Used
Payroll
Reimbursement
API Local Transfer
Bill Payment
Favorite Features
Automated payroll
Reimbursement process through gadgets
Real-time API for local transfers
Transparent invoice approval and rejection
Approval on-the-go all features on mobile apps
"Now FinFloo can easily manage all financial administration with Jack, eliminating the need for extra finance staff."
Arini Astari, FinFloo Founder
Background
FinFloo is a virtual accountant and tax services. Established in 2021, it originated from the concerns of its founder, Arini Astari, regarding the development of MSME (Micro, Small, and Medium Enterprises) in Indonesia. Arini recognized that one of the reasons MSMEs struggle to grow is due to weak financial and tax management within their businesses. Therefore, FinFloo aims to assist MSMEs in upgrading their businesses by improving the quality of their financial and tax governance supported by a team of certified and experienced professionals.
Due to slow manual payment approvals from clients, FinFloo struggles to keep accountants' payment schedules on track. The manual process hindered their ability to handle more clients which affected their accountants' payment schedule. Upon a recommendation from a colleague, FinFloo's founder discovered the Jack service, which eliminated the previous manual process, making it faster, efficient, and reliable.
By integrating Jack's API Local Transfer into FinFloo's system, the accounting team's performance improved significantly. Now, they can easily transfer funds to thousands of accounts at once, streamlining the payment process.
How Jack Helps Finfloo
Slow Payment Process to Efficient, Timely, and Automated System
At the beginning of its establishment, FinFloo faced low productivity problems with their accounting team. All payment deadlines set by the company often failed to be met on time. However, by integrating the API Local Transfer Jack feature into FinFloo's system, the accounting team's performance improved significantly. Now, they can easily transfer funds to thousands of accounts at once, streamlining the payment process.
Limitations on Payment Details to Transparency and Efficiency
FinFloo used to rely on traditional bank services for vendor payments, but the limited information provided required FinFloo to double-check each transaction. With the use of Jack’s Bill Payment, every incoming bill now includes easily accessible supporting documents through a mobile app. This enhancement has improved FinFloo's efficiency in tracking and storing digital invoices.
Manual Reimbursement to Automated Reimbursement Process
FinFloo’s reimbursement activity was slow and complicated, relying on a manual system, and even taking days to be approved by managers. However, with Jack OCR and AI technology, the reimbursement process turns into a breeze. Now, FinFloo’s team only needs to take a photo of the receipt and Jack will handle the rest automatically, making the process quicker, effortless, and more efficient.
Unauthorized Sensitive Data Access Risk to Secure Data Segregation
Managing piles of payslips and important documents manually poses a risk of exposing confidential information to unauthorized employees.However, FinFloo has now streamlined this process by utilizing the Payroll feature provided by Jack, which converts physical payslips into digital documents and grants secure access to the payroll staff, ensuring the segregation of HR and Finance teams while protecting sensitive data.
