SmartMatch
REAL REQUESTS, REAL RESPONSES
Pricing & Rebate Management
CASE STUDY
INDUSTRY
Medical Distribution
CHALLENGE
The client needed a solution that could merge their data sets smoothly, reduce the amount of resources being wasted, and minimize the overall level of error.
SOLUTION
ProfitOptics implemented their specialized SmartMatch solution to automate their manual matching and to significantly decrease the error rates produced by the process.
RESULTS
Our SmartMatch solution was able to reduce the client’s 30 day process to only three days and reduce their resources from 50 people to one person. After the solutions was implemented, the error late was less than .05% and there was a 300x increase in overall efficiency.
THE CHALLENGE
The client was required to maintain highly accurate data records with 10+ trading partners in order to successfully develop business partnerships. Their current process for merging data sets that was not ideal for their business. The process was requiring 50+ people, took too much time to manage, and resulted in high error rates. The production of many of duplicates, missing matches, and bad matches resulted in excessive amounts of waste in the form of time and resources.
The client needed a solution that could merge their data sets smoothly, reduce the amount of resources being wasted, and minimize the overall level of error.
THE SOLUTION
ProfitOptics implemented their specialized SmartMatch solution to automate their manual matching and to significantly decrease the error rates produced by the process. SmartMatch uses a variety of mathematical algorithms to perform trillions of atomic operations across extremely large data sets in a matter of hours to produce potential matches at various levels of confidence.
One of the most important components of this solution is the user interface that allows the client to work through the potential matches both quickly and efficiently. This directly affects other operations, such as pricing and rebates, that need accurate data to operate, further adding value to the business.
THE RESULTS
- 30 DAY PROCESS → 3 DAY PROCESS
- 50+ PEOPLE → 1 PERSON
- ERROR RATE < .05%
- 300X INCREASE IN EFFICIENCY
