Case Study
AUTOMATING PAYMENT PROCESS
A Major UK based Insurance Company
Project at a Glance
Our client’s goal was to configure a financial gateway to automate their payment processing system. Oracle’s PeopleSoft Financial Gateway was chosen as an electronic payment solution. The Financial Gateway is part of the PeopleSoft Cash Management application which is designed to increase payment processing productivity and decrease overall processing costs.
THE CHALLENGE
- Increased overall costs due to late payments
- Complex payment process due to labor-intensive manual tasks
- Lower staff productivity
- Slowdowns in payment cycle
- Unrealized vendor discounts
TOOL SELECTION
After an in-depth evaluation of various automatic payment solutions, the client decided to implement PeopleSoft financial gateway because it met all of the critical business requirements and integrated with their existing PeopleSoft system.
SOLUTION IMPLEMENTATION
The 1218 team worked closely with the client who provided excellent access to project owners and users alike, resulting in a successful, on-time, and complete system upgrade which delivered on all client requirements.
