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FINANCE MANAGED SERVICE

Case Study

About Customer

US Based Aviation Services organization with more than a Billion in revenue with 178 locations across the US.


Engagement Summary

Customer Since March 2021

End to End F&A operations:

  • Accounts Payable
  • Accounts Receivable
  • General Accounting
  • Internal Audit
  • FP&A

    • Team based out of chennai,India - works as an extended arm of the client organization.


    Problem Statement

    Unable to meet the organisation SLA's

  • Backlogs in AP
  • Backlogs in AR

    • Cost operation was high as they were utilizing 100% US based resources.

    Key Achievements in 18 Months

    Streamlined 3 months of AP Backlogs in 8 weeks

    3000+ invoices processed

    Streamlined 8 months of AR Backlogs in 6 weeks

    Cleared 600+ AR queries in 6 weeks

    $15 Mil Saved - Double payments

    Identified and scrutinized 1000s of double payment instances

    Reports Automation -50% reduction reporting time

    8 man-day reporting time reduced to 4 man-day

    60% Cost Arbitrage

    Compared to the US onsite team

    Transitioned in < 15 days

    Set-up offshore team in record time

    10x Growth

    Scaled up from 3 FTE to 44 FTE in 18 Months

    Yitro Global

    With a seasoned team that has catered to the world's top Networking, Telecom & Application development captives, and OEMs in setting up their key teams in India and other locations, we will be a strong extended, embedded COE for all your offshoring needs.

    Address

    #14, Haddows 1st St,
    Nungambakkam,
    Chennai,
    Tamil Nadu 600006
    India
    sales@yitrobc.net

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