Transforming Financial Operations: A Yitro Global Success Story

The landscape

A leading retail business faced significant financial operation challenges with the accounts payable (AP) system.

Vendor invoices were piling up, and bill processing times stretched beyond 10 to 15 days. Managing and building an in-house department to do the same, was also prohibitively expensive.

On recognizing that there was no single, easy way to improve this situation, the company decided to reach out to Yitro for a comprehensive solution.        

Challenges

The retail company faced severe challenges with the following:  

  • Increased Costs: Due to recruitment and training expenses, maintaining an in-house AP department was draining their resources. 

  • Slow Processing Times: Manual processes were amplifying the delay, taking up to two weeks to approve and pay the invoices. 

  • Strained Supplier Relationships: Not only did the delayed payments result in vendor dissatisfaction, but it also put the entire supply chain at risk.

accounts payable outsourcing invoice processing

Yitro’s Approach

By choosing to partner with Yitro Global, the company was incredibly impressed with their reputation for leveraging cutting-edge technology and automation to enhance the account payables process. Yitro’s tailored approach promised to:
  • Minimize operational costs by up to 70%. 
  • Accelerate the invoice processing timeline to 3 to 5 days before the payment deadline. 
  • Eliminate the need to hire and train in-house AP specialists, enabling the reallocation of resources to experience strategic growth initiatives. 

Solution and Results

Yitro Global seamlessly integrated advanced AP automation into the company’s financial operations. The results were nothing short of remarkable: 

  • Cost Efficiency: Yitro’s solutions significantly reduced invoice processing costs by 76%. The savings enabled the company to redirect the funds towards expanding its business and other innovations. 
  • Accelerated Processing: Automation reduced the approval cycle for invoices by 81%, ensuring vendor invoices were paid within 3 to 5 days. The bottlenecks were reduced with this improvement, which also enhanced operational agility.
  • Improved Supplier Relationships: With on-time and prompt payments accomplished often ahead of schedule, the company’s partnerships with vendors grew stronger. Suppliers became more attentive to the company’s demands, further solidifying the supply chain’s reliability.
  • Resource Optimization: Relieved from managing an in-house AP team, allowed the company to free up funds for strategic projects, digital transformation and market expansion. 

Achieving New Heights

This success story underscores Yitro Global’s ability to execute impactful, effective finance managed services. By addressing critical pain points, Yitro assisted the client in achieving significant cost savings, operational efficiency, and stronger supplier relationships. With the global accounts payable automation market approaching USD 1,567 million in 2025, Yitro Global stands out as a leader, enabling businesses to harness the power of automation and expertise for sustained growth. 

Finance managed services

Result & Impact

Enhanced retail company’s reputation in the industry by

in the industry

  • Reduced retail company’s invoice processing costs by 76% 76%

Reduced invoice processing time to

days

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