Improving Payables Management for Better Cash Flow and Supplier Relationships
A system was developed to help the finance team track outstanding invoices and payments. The solution enables efficient payment management, reduces the risk of late fees, ensures timely payments to suppliers, and improves overall cash flow.
Client Overview
The client is a UAE-based technology solutions provider, specializing in digital transformation, cybersecurity, cloud solutions, and business applications. With over 30 years of experience, they serve various industries with innovative IT services.
Technical Stack
Industry
Information Technology (IT) and Digital Transformation
Region
UAE
Project-size
Non-Disclosable
Implementation Highlights
Combined all payment and invoice data into one easy-to-use Power BI dashboard.
Set up automatic alerts for due payments and overdue invoices to keep the team on track.
Added a way to track supplier payment terms to help manage relationships and avoid penalties.
Set up automatic monthly reports to keep the finance team informed on payables without manual work.
Challenges & Solutions
Data was spread across multiple systems.
Solution: Combined all invoice and payment data into one central dashboard for easy access.
Not enough visibility into which invoices were overdue.
Solution: Added a visual system that highlights overdue invoices and makes it easier to track late payments.
Poor visibility into future cash flow.
Solution: Added real-time data to improve cash flow forecasts and plan payments better.
1000+ Projects Experienced
Access Iqra Technology’s skilled developers and experts. Enjoy a risk-free two-week trial and take advantage of our cost-effective solutions.
8+
Years of Business
Experience
100+
Happy
Customers
15+
Countries with
Happy Customers
100+
Agile enabled
employees
Results & Impact
- Better cash flow with clearer visibility of upcoming payments.
- Reduced late payments by staying on top of deadlines with automated alerts.
- Saved time with automated reports and approval processes.
- Improved supplier relationships by making payments on time and negotiating better terms.
Key Learnings & Next Steps
- The main takeaway is that using Power BI to automate and centralize payables data makes tracking payments easier, reduces mistakes, and helps manage cash flow better.
