Feature-rich Accounts Receivable Automation with Python
USE CASE
Reminders & Notifications
INDUSTRY
Any
HOURS RECLAIMED
40 man-hours per month
COST SAVINGS
$1500+ per month
Managing unpaid invoices remained a persistent hurdle for Brands Infusion. Manual follow-ups were time-consuming, inconsistent, and lacked the scalability needed to keep pace with their growing client base. Additionally, ensuring timely payments was crucial for creators and maintaining healthy relationships.
They sought a solution that would:
- Automate invoice reminders: Eliminate manual processes and ensure timely communication with creators.
- Personalized communication: Deliver tailored reminders based on invoice age and creator history for increased effectiveness.
- Streamlined follow-up: Facilitate easy escalation to dispute resolution if needed.
- Data-driven insights: Track reminder performance and optimize workflows for maximum efficiency.
Brands Infusion, a trailblazer in influencer marketing technology, leverages technology to streamline product placements while ensuring compliance. They empower brands with a comprehensive platform that automates influencer discovery, management, payments, and dispute resolution, ensuring smooth and efficient campaigns.
Algorythum Engineered Solution
We built a custom automation solution leveraging Python and Azure Cloud to streamline invoice reminders and optimize payment recovery. We were able to build a feature-packed automation, thanks to Python, which wouldn’t have been easier with off-the-shelf platforms. This Automation has the capacity to scale to thousands of reminders per day, to integrating AI in the future.
Key Elements:
- Data Integration: Connected Stripe and their CRM system to automatically capture invoice data and brand information.
- Python Script: Deployed Python scripts that are triggered by specific events (e.g., invoice due date passing).
- Dynamic Reminder Logic: Designed tailored email templates with personalized content based on invoice age, brand history, and many other preferences.
- Azure Cloud Deployment: Utilized Azure Serverless Products for deployment.
- Email Sending: Integrated with a reliable email service provider (e.g., SendGrid) to ensure secure and deliverable notifications.
- Dispute Resolution: Provided a clear path to escalate unpaid invoices to their dispute resolution team within the email itself.
- Performance Monitoring: Implemented analytics to track reminder open rates, click-through rates, and payment conversion rates, allowing for continuous optimization.
Technologies Used
Impact & Benefits
Brands Infusion’s automated invoice reminders delivered significant improvements:
- Reduced payment delays: Reminders resulted in a 40% decrease in average payment processing time.
- Improved resource utilization: Manual workload was reduced by 75%, freeing up resources for strategic tasks.
- Enhanced customer satisfaction: Personalized reminders and timely follow-up improved communication and fostered positive relationships.
- Increased efficiency: Automated reminders ensured consistent follow-up, reducing missed deadlines and potential penalties.
- Scalability and security: Azure Cloud deployment provided a robust, cost-effective and scalable platform for future growth.
Bespoke Automation,
Maintenance in Hibernation
Our solutions cut your business automation expenses by 90%.
Because that's the real cost.
- contact[at]algorythum.com
Phone
- +91 8886 10 1414