WiseLayer AI: Boosted Client ARR by $170K by Finding Invoice-Contract Discrepancies (A More Common Problem than You’d Think)
WiseLayer leverages cutting-edge AI to improve profitability and efficiency for businesses, while only requiring 10 minutes per week to use. By integrating with the client’s existing financial tools–such as ERPs, invoicing platforms, CRMs, contracts, and more–WiseLayer's AI continuously analyzes data to identify actionable issues that impact profitability (EBIT) by hundreds of basis points.
Challenge
A large B2B client utilized NetSuite to send out their invoices, and HubSpot for CRM and client management. The client wanted to see if there were any discrepancies between their CRM, contracts, and invoicing that led to uncaptured revenue in areas like:
Invoices charging the wrong price or carrying forward lapsed discounts, especially during contract changeovers & renewals
Invoices not matching the contracted amounts listed in the CRM
Incorrect billing frequencies–e.g. monthly instead of quarterly
Recurring invoices not being sent out in a timely manner
Given the scale of data, this would take a sophisticated financial analyst hundreds of hours. So the client contacted WiseLayer.
Solution
WiseLayer’s AI-driven solution integrated with the client's existing NetSuite and HubSpot (plus 100+ other available integrations). After 4 minutes of total setup time, WiseLayer’s AI began performing identifying and rectifying 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.
In fact, across all clients, WiseLayer’s AI finds that nearly 1 in every 230 invoices have some sort of discrepancy, whether affecting revenue, working capital, or timing delays.
As these discrepancies were identified, the client was able to fix the past year’s problematic invoices in an afternoon. WiseLayer automatically monitored each issue to ensure it was fixed.
Results
WiseLayer's AI solution significantly impacted the client's bottom line:
Over $170,000 in ARR secured from correcting invoice mistakes
$300K+ in increased working capital by ensuring invoice terms align to contracts
Efficiency improvements, reducing manual invoice audits from days to minutes
Conclusion
WiseLayer's AI-driven approach provided a nearly-instant solution to a pervasive yet under-recognized challenge. By identifying and rectifying all-too-common invoicing discrepancies, WiseLayer not only boosted the client's annual revenue but also optimized operational efficiency, setting a new standard in financial management for B2B businesses.