Case Study
How Jack’s Local Transfer API Service Successfully Helps MPStore Increase Team Efficiency by 5x
By utilizing Jack's Local Transfer API feature, the financial team at MPStore can now perform transfers to different banks all at once, with up to 10,000 transactions, making the transfer process 5x faster and more efficient.
Outcomes Experienced by MPStore After Utilizing Jack
5X
Accelerating the company transfer process per month
Industry
Financial Services
Product Used
Local Transfer API
Corporate Card (Virtual)
Favorite Features
Multiple bank account transactions at one time
Pre-transaction validation system to prevent transaction failure
Card budget customization for each team
"Previously, we used to make all payments to vendors, marketing, and digital ads in cash. This was a manual process that involved transferring funds one by one, which was very time-consuming. However, after we started utilizing Jack, everything is now under control, and our finance team can reduce their working hours and proceed to make payments once a month."
Abdul Muidz Aad, Founder & CEO MPStore
Background
PT Mitra Pedagang Indonesia (MPStore) is a financial technology company that provides financial services for online bill payments, digital product purchases, and household needs through the MPStore application. The company, founded in 2018, has brought digital transformation to thousands of micro, small, and medium enterprises in Indonesia.
To expand its service to small and medium enterprise partners, MPStore consistently improves its business processes. One of MPStore's endeavors in digitizing its operations involves streamlining its manual transactional processes and financial management. Subsequently, one of Jack's teams offered features that align perfectly with MPStore's needs. Jack's presence greatly facilitates MPStore's automation process.
After utilizing Jack, the vendor transaction process and financial administration tasks have become streamlined, effortless, and rapid. Transaction receipts are now processed automatically in real-time, generating precise financial reports.
How Jack Helps MPStore
Time-Consuming Transfer Process to More Efficient
Prior to using Jack, MPStore’s finance team had to transfer to multiple banks daily. This process required them to transfer funds to multiple destination accounts for each payment, consuming valuable time. By utilizing Jack's Local Transfer API feature, the financial team at MPStore can now perform transfers to different banks all at once, with up to 10,000 transactions, making the transfer process 5x faster and more efficient.
Manual Financial Administration Process to Real-Time Automation
Before Jack, vendor payments were done manually, causing delays when multiple transaction receipts came in at once, requiring the finance team extra time to complete their tasks. However, after utilizing Jack, the vendor’s transaction process and financial administration tasks have become streamlined, effortless, and rapid. Transaction receipts are now processed automatically in real-time, generating precise financial reports.
From Multiple Transfer Platforms to Integrated in Jack
MPStore faced a challenge during transfer to various banks. Additionally, Madura, where MPStore is located, lacks sufficient transfer facilities like banks and ATMs. With Jack’s Local Transfer API, MPStore is now able to handle money transfers to 150 banks in Indonesia. With just a few clicks, transfers to different banks become easier, complemented by transfer summary that enhances financial management efficiency. Jack ensures safer transactions through the recipient's name and account number validation feature, preventing failure. Additionally, all transactions carried out automatically will be recorded on the Jack dashboard, enabling the financial team to conduct end-of-month reconciliation more accurately.
Unified Solution For Your Nationwide Business Transactions in One Platform
Local transfer allows you to send money to 150+ banks and e-wallets in Indonesia with ease and convenient. Available every day, every hour.
