Efficiency: compliance & close
Fewer new hires needed with Al automation ($100K+ saved)
After a few months of using WiseLayer’s AI automation, a fast-growing client decided that due to their newly increased bandwidth, they no longer needed to hire an additional financial analyst for which they previously budgeted.
Expedited close of books
WiseLayer’s AI identified key issues the moment they were entered into any system (which were previously only noticed at month-end/audits). These included: improper classifications, accrual requirements, budget overruns, data-entry issues and more.
Avoided delay in payroll
WiseLayer’s AI automatically identified a payroll account that was below the amount required to successfully cover bi-monthly payroll for a department of the company. The client was alerted, the oversight was fixed immediately, and payroll was successful.
Case Studies
Our clients experience continuous positive outcomes across the 3 categories below—
resulting in large improvements to overall profitability & risk
Revenue & top-line: profit-growth by inflows
$170,000+ increase to client's ARR
WiseLayer’s AI integrated with the client's existing ERP & CRM to identify invoicing discrepancies. It ensured every invoice was for the full and proper amount, accurately reflected the contract terms, and had been sent out in a timely manner.
$46,000+ in under-invoiced fees flagged and recovered
WiseLayer’s AI identified a temporary discount that the billing department accidentally kept on the invoice well past its intended expiration, via human error. These funds were recovered.
$236,000+ in recurring invoices flagged as not-yet-seen
WiseLayer’s AI flagged multiple recurring invoices as not having been sent out on time. Given the large scale of invoices, the client was not aware of this and WiseLayer’s alerts allowed the client to send them out only days after expected.
Expenses & payments: profit-growth by outflows
$37,000+ duplicate charges caught
WiseLayer’s AI identified multiple instances of bills containing duplicate line items that were already paid on previous bills. The vendor refunded these accidental overcharges.
$9,000+ reduced from single bill
WiseLayer's Al identified a bill that had an unusually high growth rate when all other bills in this category had declined. This was a data entry error from the vendor, and it led to the bill being reduced accordingly.
$50K+ in tax credits identified
WiseLaver's Al identified multiple misclassified expenses, which could have been classified as R&D, but were not. The client reclassified these as R&D expenses, and thus became eligible for over $50K in R&D tax credits, including immediate payroll tax offsets/credits
Efficiencies & more: profit-growth by productivity
Fewer new hires needed ($100K+ saved)
After a few months of using WiseLayer’s AI automation, a fast-growing client decided that due to their newly increased bandwidth, they no longer needed to hire an additional financial analyst for which they previously budgeted.
$150,000 in missed accruals caught
This discovery reduced financial discrepancies and areas of non-compliance. The resulting improved accuracy and GAAP compliance enhanced the client’s decision-making processes and overall financial health.
$24,000+ payment issues caught & resolved early
WiseLayer’s AI found many instances where a vendor had duplicate profiles in the client’s ERP. This caused a duplicate payment that was about to be sent out. WiseLayer caught this issue early.
