Invoice Processing Automation
Industry - All Industries
Implementation Time - Within 12 WEEKS *
Key Challenges
The organization is looking for ways to improve but struggling with massive, error-prone manual tasks and data entry involved in the invoices process.
Some of the key challenges were:
- Directed and manually processed by multiple support teams
- Massive lead time to complete invoice validation and due diligence
- Manual correlation of complex multiple data sources
- 1000+ types and 100000+ invoices to process manually have a high human error rate
- Multiple applications involved in the process, such as legacy systems, web portals, email and excel, etc.
Our Solution
Our automation experts have developed a Robotic Process Automation (RPA) solution to tackle this problem by automating the complete invoices process.
- Bot extract data from various sources such as portal, email, and FTP location.
- Bot extracts the data from invoices using OCR and performs data validation + checks.
- The bot logs into the required applications and completes the transaction as per the processes request type
- Once the process has completed successfully by the bot then emails the completion report
Automation Benefits
Deployed bots automate the entire invoices process effectively and bring out the following benefits to the organization
- 12000 Man days of effort saved annually.
- The degree of successful throughput increased
- Reduced processing and QA checking times
- Significant improvement of Service Levels
- Significant reduction of operational costs
- Quality improvement to 0% error relative
- Higher standardization of process
- 24/7 operation
- Reduction of over-reliance on skilled FTE
- Improved Customer experience
