Relanto Transforms Payment Forecasting and Operational Efficiency for the Largest Fintech Company Handling Payments and Payouts

Summary:

‍A global leader in online payment processing faced challenges with forecasting, budget management, and capital allocation. They sought innovative solutions to optimize processes and improve financial outcomes.

Challenges:

Financial Forecasting and Budgeting:

Inaccurate financial forecasting and time-consuming budgeting due to manual processes, diverting focus from strategic initiatives and reducing efficiency.

Resource Allocation and Data Integration Issues:

The lack of a cohesive capital planning framework caused inefficient resource allocation. Complex data feeds hindered integrating transactional data into analytics, limiting advanced decision-making.

Data Consolidation and Manual Processing Difficulties:

Struggled to consolidate and analyze diverse data sources scattered across systems. Manual data entry further introduced errors and delays in financial functions.

Objectives:

  • Primary Goal- Improve payment forecasting accuracy, achieve real-time budget monitoring and efficient resource allocation
  • Secondary Goal- Enhance decision-making and maximize ROI

Suggested Solution:

Our goal was to harness innovation and reduce operational challenges. So, we integrated Anaplan’s predictive analytics, enhancing forecasting and decision making for transaction volumes, revenue and cash flow.  

Next, we streamlined budgeting by automating workflows, simplifying interfaces, saving time and allowing focus on strategic initiatives. We developed a robust capital planning framework with advanced risk analysis, aligning capital allocation with strategic goals.  

Further, to improve real-time data visualization, we integrated data into Tableau, providing actionable insights for data driven decisions. We implemented a centralized data lake for seamless data integration and enhanced analytics.  

Finally, for data security, we deployed access automation tools, ensuring secure user access and reducing breach risks. These initiatives optimized processes, empowered stakeholders and were responsible for addressing the client’s financial challenges.  

Outcome:

  • Advanced Forecasting Techniques and Real-Time Budget Monitoring: Delivered a transformative shift in operational efficiency. This approach facilitated more accurate financial planning and quicker response to market changes.
  • Streamlined Resource Allocation and Enhanced Liquidity Management: Resulted in substantial cost savings. By optimizing resource distribution, the organization minimized waste and maximized financial performance.
  • Centralized Data Management: Enabled seamless integration and provided actionable insights. This consolidation improved data accessibility and supported more informed decision-making across departments.
  • Empowered Strategic Decision-Making: Improved forecast accuracy and capital allocation. Enhanced analytics allowed for more precise strategic planning and resource investment.
  • Achieved Sustainable Growth and Reinforced Financial Resilience: Thrived in a dynamic market landscape. The organization demonstrated the ability to adapt and excel despite economic fluctuations.

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