Case Study
Client Fintech (Financial Information Technologies)
Business Model: Fintech provides electronic payment and data solutions to ensure compliance with liquor laws across U.S. states, simplifying financial transactions between retailers and alcohol distributors.
Every enrolment form required 10 minutes of manual effort, limiting scalability.
Manual inputs resulted in errors, increasing compliance risks in a regulated industry.
As transaction volumes grew, manual processing became a bottleneck, delaying retailer onboarding.
Payments were processed via bank cheques, leading to inefficiencies and reconciliation issues.
Avenir transformed Fintech’s operations by implementing an Intelligent Data Capture (IDC) Engine, powered by:
Automated extraction of form and cheque data with near-perfect accuracy.
Intelligent validation of extracted data, reducing human verification efforts.
Automatically updated Salesforce CRM with verified retailer information and payment details.
Eliminated the need for manual cheque processing and ensured real-time payment updates.
| Aspect | Before (Manual Process) | After (Automated by Avenir) |
|---|---|---|
|
Processing Time |
10 minutes per form |
<1 minute per form (10x faster) |
|
Data Accuracy |
Prone to manual errors |
100% accuracy via AI/ML |
|
Operational Costs |
High due to manual labor |
Reduced significantly |
|
Compliance Risk |
High due to human errors |
Eliminated through automated validation |
|
Scalability |
Limited due to human effort |
Can process unlimited transactions |
|
Payment Handling |
Manual cheque payments |
Automated, real-time processing |
|
Employee Efficiency |
Staff focused on manual work |
Freed up for high-value tasks |
|
Retailer Onboarding |
Delayed due to slow processing |
Faster onboarding, improving customer satisfaction |
• 90% reduction in manual effort, allowing Fintech’s workforce to focus on higher-value tasks.
• Eliminated bottlenecks, enabling smooth operations and faster retailer onboarding.
• Ensured 100% data accuracy, eliminating payment mismatches and compliance risks.
• Automated validation ensured all transactions met state liquor law requirements.
• System now handles significantly larger transaction volumes, supporting Fintech’s expansion.
• Seamless CRM integration allows real-time updates & reporting, improving decision-making.
• Faster processing = More transactions = Higher revenue potential.
• Positioned Fintech as a technology-driven leader in alcohol payment solutions.
• 90% reduction in manual effort, allowing Fintech’s workforce to focus on higher-value tasks.
• Eliminated bottlenecks, enabling smooth operations and faster retailer onboarding.
• Ensured 100% data accuracy, eliminating payment mismatches and compliance risks.
• Automated validation ensured all transactions met state liquor law requirements.
• System now handles significantly larger transaction volumes, supporting Fintech’s expansion.
• Seamless CRM integration allows real-time updates & reporting, improving decision-making.
• Faster processing = More transactions = Higher revenue potential.
• Positioned Fintech as a technology-driven leader in alcohol payment solutions.
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