Rendall & Rittner are a market-leading estate management business providing services to residential estates across the UK. The company manages more than 75,000 individual units, with over 800 employees.
The team at Rendall & Rittner dealt with tens of thousands of invoices across over 700 accounts every month. They spent 100+ hours every week reconciling invoices, matching payments to landlords and issuing payment requests to their clients. Their goal was to free up their finance team to work on more strategic issues, enabling them to spend their time working on productive, high-value tasks instead of matching paperwork.
Intechnica’s team of experts delivered a custom process automation system that uses software engineering and data science methods to extract intricate details from the client’s invoices. Members of their finance team simply upload the invoices to the purpose-built online platform, and the relevant data is then automatically entered into an auditable database.
Since the system’s deployment, Rendall & Rittner have significantly reduced the time and money spent managing invoices. In the first year, the business saved over £60,000, and hours of manual work. A major benefit was improved cash flow. Thanks to the enhanced financial reporting of the system, Rendall & Rittner achieved a much more accurate and timely understanding of their balance sheet.
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