6
Team Members
1000+ hrs
Project Duration
Industry
Real Estate, Proptech
The IRCC project significantly streamlines B2B transactions between license providers and retailers by enabling efficient access to discounted products, benefiting all parties involved.
Background
The IRCC project was initiated to address the complex B2B interactions between license providers (LPs) and retailers. The primary goal was to develop a solution that facilitates efficient transactions by offering discounted products from LPs to retailers, with IRCC earning commissions on these sales. The project was structured around six key pillars, each focusing on different aspects of data management.
Challenges
Complex Data Management
Inconsistent Reconciliation Processes
Manual Data Validation
Limited Visibility into Transactions
Tech Stacks
Solutions
Automated Reconciliation System:
We developed an automated system that streamlined the reconciliation process by validating and cross-matching data from various sources. This system significantly reduced errors and ensured timely financial settlements.
Data Management Platform:
A robust data management platform was implemented to handle the ingestion, validation, and processing of data from retailers and LPs. This platform provided a centralized location for all data-related activities, ensuring consistency and accuracy.
Advanced Analytics & Dashboards:
We introduced advanced analytics and dashboards that gave retailers and LPs better visibility into their transactions. These tools allowed users to track their engagement metrics, optimize offers, and make data-driven decisions.
Outcomes
Increased Accuracy in Reconciliation
The new system reduced reconciliation errors by 85%, ensuring more accurate financial statements.
Enhanced Data Processing Speed
Automation led to a 60% reduction in data processing time, allowing for quicker turnaround times in financial settlements.
Improved User Engagement
The introduction of dashboards and analytics led to a 40% increase in user engagement, as retailers and LPs could now easily track and optimize their interactions.
Scalable and Maintainable System
The modular design of the platform ensured that it could easily scale to accommodate future growth, with minimal maintenance required.