Manufacturing & Distribution
Delivering Financial Excellence in Manufacturing Operations
Improve efficiency and accuracy across financial processes,
saving up to 70% on operational costs.
Challenges in
Manufacturing Financial
Operations
Manufacturers face unique financial challenges due to the nature of their operations. High transaction volumes, fluctuating costs, and global compliance requirements demand robust, efficient financial processes and the latest technologies.
Managing High Transaction Volumes
Processing invoices, payments, and receivables and handling all of the exceptions in the processes across a multitude of customers, vendors and locations can result in delays and errors, making invoice processing automation essential.
Compliance Complexities
Navigating varying tax and regulatory standards across regions poses risks without proper oversight.
Cost Pressures
Balancing operational costs while scaling production or meeting demand fluctuations is a constant struggle.
Supply Chain Disruptions
Volatility in raw material costs and fluctuating demand can impact financial workflows and reconciliation processes.
Visibility Gaps
Fragmented financial systems make it difficult to track cash flow, manage vendor relationships, and optimize working capital.
How IQ BackOffice Helps
IQ BackOffice offers outsourcing and offshoring solutions to address the specific needs of manufacturers. Whether streamlining processes or building scalable financial teams, we help you overcome manufacturing financial challenges.
Outsourcing Solutions
Automate invoice processing to reduce errors and manage high transaction volumes efficiently.
Improve cash flow by automating collections and payment reconciliation.
Gain real-time visibility into financial performance with comprehensive reporting and analytics.
Offshoring Solutions
Scale your financial operations with offshore accounting services provided by skilled professionals who integrate seamlessly with your systems.
Offshore teams include specialists in compliance, reconciliations, and vendor management.
What You Gain
Cost Efficiency
Save up to 70% in financial operations costs by automating processes and leveraging offshore teams.
Improved Accuracy
Real-Time Visibility
Scalability
Vendor Satisfaction
Compliance Assurance
Maintain adherence to tax and regulatory standards across jurisdictions.
Success in Manufacturing and Distribution
IQ BackOffice partnered with a $4 billion industrial equipment supplier to implement accounts payable outsourcing and transform its processes, achieving measurable improvements in efficiency, accuracy, and cost savings. Key results include:
34% reduction in cost per invoice, lowering processing costs from $1.12 to $0.86.
99.97% per-transaction accuracy rate, minimizing errors and streamlining operations.
One-day turnaround for all invoices, improving vendor satisfaction and financial control.
Enhanced supplier communication and digital invoice archiving for better accessibility.
Discover how IQ BackOffice helped streamline operations and achieve up to 70% overall cost savings through tailored AP automation and best-practice process solutions.
