Transforming accounts payable with AI: How Dost helped Housfy achieve 95% efficiency gains

In today's fast-paced digital world, financial efficiency is crucial for any business aiming to scale and remain competitive. Housfy, a leading online platform for property sales, rentals, and financing, faced a significant challenge in their accounts payable department. Their invoice processing was highly manual, slow, and prone to inefficiencies. The financial team spent too much time on low-value tasks instead of focusing on strategic financial management.

Dost, a cutting-edge automation platform for accounts payable, stepped in to streamline their processes. In this success story, we explore how Dost helped Housfy reduce costs, save time, and eliminate human errors in invoice management—ultimately transforming their financial operations.

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The challenge: Manual, time-consuming invoice processing

Housfy's financial team struggled with several key inefficiencies in their accounts payable processes:

• Manual invoice validation: The process was slow and required excessive back-and-forth communication between different teams.
• High error rate: Manual data entry led to mistakes in accounting allocations.
• Lack of standardisation: General Ledger (GL) accounts and analytical accounting were inconsistently assigned.
• Scalability concerns: As Housfy expanded through inorganic growth, they needed a solution that could be quickly deployed across new companies.
• Limited automation: The financial team had to manage invoices manually, taking up valuable time that could have been spent on more strategic activities.

Without a reliable automation solution, these inefficiencies threatened to slow down Housfy’s rapid expansion and impact their financial decision-making.

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‍The solution: Dost’s AI-powered invoice automation

‍To address these challenges, Dost implemented a fully automated, AI-powered invoice processing system, offering a seamless, efficient, and error-free workflow.

‍Key features of Dost’s solution:

• Automated GL Account Allocation: Dost standardised and automatically assigned GL accounts and analytical accounting, eliminating inconsistencies.
• Centralised Invoice Management: A single mailbox was introduced for all invoices, ensuring quick and clear validations—both internally and externally.
• Elimination of Manual Data Entry: Dost’s automation reduced manual input errors and saved an entire month’s worth of work previously spent on invoice processing.
• Cost Allocation Rules by Supplier: Dost enabled the financial team to implement predefined rules for cost allocation, significantly improving accuracy.
• Seamless Scalability: The solution was deployed quickly across new entities within Housfy’s growing corporate structure, ensuring a smooth transition.
• Enhanced Invoice Reconciliation: Dost facilitated real-time invoice reconciliation, improving accuracy in financial reporting and ensuring compliance.
• Integration with Automated Bookkeeping Systems: The platform seamlessly connected with existing accounting tools, reducing the burden of manual bookkeeping tasks.
• Supporting Digital Finance Transformation: By implementing Dost, Housfy took a major step towards full digital finance transformation, aligning with modern financial best practices.

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‍The results: A dramatic transformation

‍The impact of Dost’s automation was game-changing for Housfy. The results speak for themselves:

📌 500 invoices processed per month with minimal human intervention.

📌 95% reduction in time spent per invoice, freeing up the financial team for higher-value tasks.

📌 80% reduction in invoice processing costs, directly improving profitability.

📌 98% of invoices fully automated, ensuring maximum accuracy and efficiency.

📌 Optimised invoice reconciliation, reducing financial discrepancies and improving audit readiness.

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Why Dost stands out in accounts payable automation

Dost’s solution is not just about automating processes—it’s about transforming financial operations for businesses looking to scale efficiently. Here’s why Dost is a leader in accounts payable automation:

• AI-Driven Accuracy: Eliminates errors in financial reporting and cost allocation.
• ERP Integration: Seamlessly connects with existing financial systems.
• Scalability: Quick and easy deployment across multiple entities.
• Cost Efficiency: Reduces operational costs significantly, ensuring higher ROI.
• Improved Compliance: Enhances regulatory adherence by standardising processes.
• Advanced Invoice Reconciliation: Ensures accuracy and consistency across all financial transactions.
• Automated Bookkeeping Support: Reduces the manual workload for finance teams, allowing for a more efficient workflow.
• Contribution to Digital Finance Transformation: Aligns with future-ready financial strategies, helping companies transition to a fully digital accounts payable process.

‍Conclusion: Future-proofing financial operations with Dost

‍Housfy’s success story is a testament to the power of automation in accounts payable. By partnering with Dost, they achieved unparalleled efficiency, accuracy, and cost savings—allowing their financial team to focus on what truly matters: driving growth and strategic financial management.

If your company is struggling with manual invoice processing, inefficiencies, or scalability challenges, it's time to consider Dost. Automate your accounts payable and transform your financial operations today.