A file transfer use case: Outsourcing finance operations

Outsourcing finance

A major label in the music industry decided to outsource a particularly large area of its operations: Finance. Managing invoices and collating data for reports was a time-consuming process that could be better handled by a specialist company.

However, financial data often forms the basis for decisions across the entire business. If data ever becomes out of date or is not processed correctly, the consequences could be disastrous.

Without an effective electronic solution, the only way to move data was to send forms through the post and scan them—a time consuming, manual process.

The right Managed File Transfer solution will allow organisations to seamlessly move data out to external suppliers for processing, and back into the business.

With event-driven automation, the music label can automatically move financial files individually or in batches over a secure connection. The data is “pushed” to the supplier.

After processing, edited documents are then pushed back to the internal network for storage and archiving.

The entire process can be managed from a single, convenient interface and data movement can be audited every step of the way.

If you plan to outsource data processing, you need a solution that seamlessly connects external trading partners with your own unique infrastructure. This music label saved time and money by outsourcing this vital business process without compromising visibility or security at any stage.

 

 

 

Need further expertise? Download our FREE resources