How Lean Technologies Saved 70+ Finance Hours & Cuts DSO by 30%

Lean Technologies operates as an Open Banking Platform serving Banks and Fintechs across MENA. With OCTA, they reduced DSO by 30% and saved 70+ hours monthly.

Key Results

• DSO Reduction: 30% — Reduction in Days Sales Outstanding
• Hours Saved: 70+ — Monthly hours saved
• Cost Savings: $2,500 — Monthly savings

About Lean Technologies

Lean Technologies operates as an Open Banking Platform serving Banks and Fintechs across MENA, regulated by Abu Dhabi Global Market and Saudi Central Bank. Their API infrastructure facilitates secure financial data access and payment initiation, supported by a billing model combining monthly subscriptions and transaction fees. In 2022, Lean Technologies secured $33 million in Series A funding led by Sequoia Capital.

Manual follow-ups were slowing down Lean Technology's productivity

• Lack of direct payment links in follow-up emails
• Managing invoice collections across UAE and KSA posed logistical challenges
• Inability of the ERP system to customize follow-ups for individual customers
• No calculation of late payment fees and manual reconciliation processes

OCTA meets Lean Technologies' unique AR needs

Fully customizable automated workflows, including Arabic follow-ups

The ability to create fully customizable automated workflows, including Arabic follow-ups, has been a game changer for Lean Technologies. OCTA's automation has saved significant time by handling routine follow-ups, allowing them to tailor communication to each customer segment.

In-built support for late fees

OCTA's support for automatic late fee applications has simplified what was once a manual and time consuming process. Setting up late payment fees now takes just a couple of clicks and ensures that late fees are consistently and accurately applied.

A/R analytics and customer scoring

With OCTA's advanced A/R analytics and customer scoring, Lean Technologies gained deep insights into their accounts receivable health. They can now prioritize collection efforts based on customer payment behavior and invoice amounts.

Multi-entity support

OCTA's multi-entity capabilities have enabled Lean Technologies to seamlessly manage their accounts receivable processes across multiple countries. By unifying and streamlining the handling of invoices for both UAE and KSA operations.

Region-specific payment options

OCTA's integration with region-specific payment options like MamoPay for UAE and Tap Payments for KSA has made it easier for Lean Technologies to cater to local customer preferences.