RPA Accounts Payable Automation (Legacy System)
The client were overwhelmed with the number of invoices they needed to process and were often failing to meet payment obligations to their vendors. The client were looking for a solution that would dramatically decrease the amount of time spent on processing invoices and allow for scalability.
- Artificial Intelligence (To understand data from invoices)
- OCR (To extract data from Invoices)
- Portal Development (To verify invoices and manage them)
- RPA (To transfer invoice data from portal to ERP)
Dramatically reduced the amount of time it took to process invoices by 70%, freeing up more time for the finance team of the company and also allowing them to withdraw contracted accountants.
The system has allowed them to stay as a 3 person finance team.