Process Optimization Generates Accurate Give-Up Invoicing

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Summary

Sagence’s process optimization services enabled a brokerage to generate accurate give-up invoices by eliminating data quality issues causing millions of dollars in uncollected receivables monthly.

Challenge

Our client, a global multi-asset brokerage struggled to generate accurate give-up invoices, which resulted in millions of dollars in uncollected account receivables monthly. Unresolved data quality issues and slow recovery efforts led to the write-offs. The client engaged Sagence to evaluate how to forensically optimize business processes and to improve overall data quality issues.

Solution

Solving data quality issues as a whole was necessary to generate accurate give-up invoices. Sagence regenerated give-up invoices by profiling raw data and analyzing business rules (trades, rates, products, invoices, EGUS agreements). We developed a logical data model to illustrate the key data elements, relationships, dependencies, and rules needed to generate a correct invoice.

Results

When implemented, Sagence’s data model will enable our client to generate accurate give-up invoices, helping them collect ~$50M* in outstanding account receivables and potentially deliver a 4x-40x ROI.

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Sagence is a management consulting firm advising clients in information-intensive industries. We specialize in data management and analytics and in the acquisition, evaluation, and development of critical data assets. Contact us today to learn how we can help you leverage your data as an asset.