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Procure to Pay – Accounts Payable and Receivables

  • 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​

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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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