How Advance PH saved almost 300 man-hours per month on automating invoices collections
"Peakflo is easy and straightforward to use. We have been able to save 297 man-hours per month on sending invoices and collections follow ups and reduced our DSO by 25 days."
Alvia Lampa
Head of finance at Advance
See How Much Advance has Saved with Peakflo
297
man-hours saved per month
25
days reduction in DSO
Based in: Philippines
Peakflo customer since: July 2021
Invoices per month: 400-500
Background
Advance is the first salary on-demand provider in the Philippines. Advance extends financial services to employees by way of their employers to improve engagement, financial wellness, and enrich a company’s core benefits program.
Favorite Features
✅ Peakflo automated reminders
Key Takeaways 🔑
🚩 Problems:
- Sending invoices to customers and following up on unpaid invoices manually
✅ Solutions
- Peakflo automated reminders
Problem: Manually sending invoices to customers and following up on unpaid invoices
Before using Peakflo, Advance used Google sheets to send around 500 invoices and send manual email reminders to their customers. It took around half a day every day from 3 members of the finance team to send and follow up on the invoices. In other words, the Advance finance team spent around 297 man-hours per month on manual and tedious invoice follow-ups resulting in the finance team members feeling overwhelmed and frustrated.
Solution: Peakflo automated reminders
With Peakflo automated workflows, now Advance finance team automatically sends all the invoice reminders through emails to their customers and their team is able to focus on more value-added tasks instead of manual follow-ups that could easily be automated. Now their team is happier and more productive.
“With Peakflo, our team has been able to reduce manual work, streamline finance processes, and centralize collections data.”
Alvia Lampa
Head of Finance, Advance
