Empowering businesses with data driven automation by optimizing the Finance Department for a large Mortgage Broker Network

The Challenge

A large UK-based Mortgage Broker Network, housing over 500 Independent Financial Advisors (IFAs), handles commission payments from 170+ mortgage lenders and approximately 10 Life Insurance companies. However, managing these commission statements presents a significant challenge. Variations in format, timing, and delivery from various 3rd parties, coupled with discrepancies in received amounts and timing, demand extensive human effort to reconcile the data accurately.

The Solution

To revolutionize commission management and empower the Finance department, we introduced our Intelligent Document Processing (IDP) product, seamlessly integrated with their key systems: shared network drive (BOX), accounting software (Xero), and broker CRM (OMS).

Automated Data Extraction:
Our IDP solution effortlessly captures and interprets diverse commission statements, regardless of format variations, saving valuable time and resources for the Finance Department.

Seamless Integration:
By integrating with shared network drives, accounting software, and CRM, we create a cohesive ecosystem that streamlines data flow and enhances collaboration across the network.

Timely Reconciliation:
Our IDP-powered solution ensures swift and accurate reconciliation, eliminating discrepancies, and delivering real-time financial insights for better decision-making.

Empowering Financial Efficiency:
Minimizing human effort, the Finance Department can focus on higher-value tasks and driving growth to new heights.