Automating Financial Workflows at Applifting

Discover how Applifting, a global AI-driven software company with over €6 million in annual turnover, boosted efficiency and control by automating financial processes through BinarBase—saving over 46 hours of work every month.

The Challenge

Before implementing BinarBase, Applifting faced several critical challenges that were hindering their operational efficiency:

• Fragmented Data: Financial information was scattered across multiple systems with no central source of truth
• Inconsistent APIs: Different systems couldn't communicate seamlessly, creating data silos
• Manual Processes: Heavy reliance on spreadsheets and manual data entry consumed valuable time
• Limited Visibility: Decision-makers lacked real-time insights for strategic planning
• No Centralized Infrastructure: Absence of unified data management made reporting a nightmare

The Solution

BinarBase implemented a comprehensive financial data management platform that transformed how Applifting operates:

Integration & Centralization

• Connected internal management systems with accounting and financial platforms
• Unified data from spreadsheets into a single source of truth
• Created company-wide financial overview dashboards

Automation & Intelligence

• Automated invoice processing and expenditure analysis
• Implemented AI-powered cash flow forecasting and runway analysis
• Set up automated bank monitoring and reconciliation

Analytics & Reporting

• Deployed OPEX and ROI analysis tools
• Created profitability and competitor analysis dashboards
• Established budgeting and KPI tracking systems
• Integrated HR metrics and project analysis modules

The Results

The impact of implementing BinarBase was immediate and substantial:

Detailed Improvements

• Cash Flow Reporting: Reduced from 5 hours to 1 hour weekly (80% reduction)
• Invoice Processing: Cut from 35 minutes to 5 minutes per batch (85% faster)
• Bank Monitoring: 100% automated, eliminating 5-10 minutes of daily manual checks
• Overall Efficiency: 80-100% gains across cash management, reporting, and data operations

Key Takeaway

By centralizing data, automating repetitive tasks, and providing real-time visibility, BinarBase enabled Applifting to shift focus from manual operations to strategic growth. The savings—both in time and cost—demonstrate the transformative power of modern financial intelligence platforms.