Loob Holding Sdn Bhd is a leading Malaysian multi-brand food and beverage group that operates multiple brands, including Tealive, Bask Bear Coffee, and SodaXpress, across Malaysia and several international markets.
Loob Holding faced several operational challenges in managing its financial documents:
Handling invoices and delivery orders manually was time-consuming and prone to errors, especially with an average of 5,000 supplier invoices per month.
Manual processing of invoices and delivery orders made numerical data prone to mistakes, creating risks for accurate financial reporting.
Processing electricity bills was difficult, adding complexity and slowing down the overall workflow.
Loob Holding was looking for a solution that could meet their needs while ensuring compliance with data protection regulations and securing sensitive information. Fintelite OCR provided a comprehensive solution that automated their financial document processing while addressing their key pain points:
Fintelite OCR automated the handling of invoices and delivery orders, efficiently managing high volumes of documents, including over 5,000 invoices per month.
The AI-powered OCR accurately recognized text and numerical data, minimizing errors in financial reporting.
Fintelite OCR provided a custom template for electricity bills, enabling Loob Holding to process them efficiently alongside invoices and delivery orders.
After implementing Fintelite OCR, Loob Holding achieved significant improvements in financial document processing, efficiently handling over 5,000 invoices per month along with electricity bills. This drastically reduced overwork and proved to be truly cost-effective. With high levels of data protection, the company no longer has to worry about sensitive information security.
After implementing Fintelite OCR, Loob Holding achieved significant improvements in financial document processing, efficiently handling over 5,000 invoices per month along with electricity bills. This drastically reduced overwork and proved to be truly cost-effective. With high levels of data protection, the company no longer has to worry about sensitive information security.
processing data
