The company is efficacious in transforming a client’s financial operations to a more simplified, enhanced, and automated process through a data-first approach. Qvalia can comprehend a company’s procurement procedures, with which it assists them in obtaining structured, insightful data delivered to the client in the form of comprehensive reports. As a data-driven organization, it focuses on input data, data quality, data output, and data storage, as opposed to the traditional approach of focusing on manual processes in accounts payable, accounts receivable, or procure-to-pay functions. Qvalia’s dynamic platform reinforces its unique approach toward finance processes by enabling clients to gain complete control of any line item on their invoices with a plug-and-play solution compatible with any IT infrastructure. All that is required is a basic interface with a client, after which Qvalia applies all of the business rules, filters, and classification without disrupting their existing infrastructure and instead presenting with transparent actionable transactional data.
The company acts as an intermediary or an access point for business settlements, which helps it to optimize transactions even before a client has received them.
Qvalia also adds an automation layer over the transactions to create business rules such as ‘If This Then That,’ warranting a much more streamlined process. Another interesting fact is that the company’s machine learning algorithm identifies every line item on invoices and categorizes them into UNSPSC standards, allowing clients to search all their line items in real-time. As an added benefit to the clients, the comprehensive information enables them to save almost six percent of their net expenditures.
We’re a backbone network operator or an access point for business transactions, and on top of that, we created a master data layer for streamlining and automating transaction processes
Furthermore, along with its efficient solution, the company nurtures the capability to examine the carbon footprint on every line item on all the purchases for clients and grade suppliers on their CO2 emissions. It encourages clients to choose suppliers based on their emission levels, which inevitably contributes to an eco-friendly environment. To further its offerings, Qvalia is now working on including monitoring of prices of all line items from suppliers, which will allow clients to know the current and prior expenditure associated with products.