Across finance and cost centre owners/approvers
End-to-end optimisations of accounts payable
Oakbrook is a digitally enabled consumer finance and technology business, removing the barriers between consumers that want to borrow and investors that want to lend, disrupting the lending economy with personalised financial solutions to individual customers.
IIn the complex landscape of lending, Oakbrook faced a number of challenges associated with traditional Accounts Payable processes. The day-to-day operations included handling a significant volume of invoices, navigating intricate approval hierarchies and addressing the pressing need to scale operations efficiently in the face of changing industry dynamics.
"Our processes were manual which made them susceptible to human error." - Ed Birch, CFO
To streamline the process of progressing an invoice from upload to payment, Oakbrook implemented custom coding for smart approval workflows. What used to be a manual, time-consuming task has evolved into a dynamic, automated process, complete with a robust audit trail for easy reference when needed.
"Kloo saves time and, just as importantly for us, it has helped create more robust processes around payments at a time when managing cash has never been more important."
- Ed Birch, CFO
Fast forward, and the results have become a testament to the innovative transformation achieved by the partnership.
Oakbrook have reported huge time savings of 80% across the AP function, a reduction in errors, and better visibility of spend.
Head over to G2 to read more about why our customers love us.