# How Porter automated 70% of reconciliation tasks

## Company Overview

Porter is a logistics company offering on-demand goods transportation solutions for intra-city and inter-city deliveries. Porter provides services via delivery partners who operate a fleet of two-wheelers, trucks, and specialized vehicles across 22 cities.

###### HQ  
Bengaluru, India  
###### Founded  
2014  
###### Industry  
Logistics  
###### Use Cases  
Accounts Receivables, Continuous Close

## The Challenge

- Due to manual collections, visibility into receivables lagged by 10+ days post-invoice
- Slow reconciliations delayed partner settlements by 5+ days
- Reconciling warehouse inventory, billing and shipments took 7+ days per cycle
- The finance team spent 10–15 days closing books manually
- Preparing balance sheets, P&L statements for seven verticals across 22 cities took 7 days
- The team lacked visibility at an account and sub-ledger level
- This delayed MIS reporting and visibility into cash positions, profitability

## The Solution

- Automated receipt reconciliation and interactive AR ageing dashboards give real-time visibility into collections
- Automated matching of shipment logs with enterprise invoicing has reduced manual variance resolution
- By ingesting real-time data from booking, payouts, and billing systems, the finance team has moved to continuous close.

## The Outcome

- 3x faster cash conversion
- DSO has reduced from 15+ days to 3-5 days
- 70% reduction in manual reconciliation efforts
- 6x faster month-end close
- 5x faster incentive processing

## The Conclusion