- The entire process of procurement to payment has been automated end to end reducing complexities and processing time
- Bots monitor process 24/7
- 70% reduction in TAT
- 100% accuracy
- 60% reduction in average handling time per invoice
- 50% reduction in headcount in the first year
- 50% to 70% cost reduction
- Go Live in less than 4 weeks
PROBLEM
- Manual invoice processing is expensive and sub-optimal
- High overhead costs, cost of rework, penal interest payment and poort cash management
- Highly non-standardized documents leading to high cycle time, inability to scale and lack of process transperancy
- Prone to errors, later error detection, over and under payments, errors in financial statements and poor supplier relationships
- SLA violation
SOLUTION
- Higher productivity efficiency & Significant cost reduction
- Improved cash management
- Improved process transparency, analytics & Improved cycle time
- Improved supplier relationship
- Intelligent Process Automation pulls information from multiple source systems and digitizes it
- Software robots work 24/7 and are triggered every time an invoice is received from multi-channel
TECHNOLOGY
- Intelligent OCR/IMR proprietary technology
- Cognitive analysis of data
- Proprietary pre-build assets
- Intelligent Automation
- Uses a combination of user centricity, rules frameworks, AI/ML to deliver accelerated outcomes while transforming invoice processing areas
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