Business Challenges
- Had several accounts persons working on manual checking and
processing of supplier invoices in different processes - Lacked accuracy, time consuming and error prone
- A system was expected to reduce the manual effort & save cost
Solution Offered
- Developed solution to Manage contract, Upload supplier invoices, integrate with SAP ERP system. It allows for intelligent data extraction from invoice pdfs and do invoice auto approval and rejections. Provided manual correction of captured invoice data as required. Push approved invoices to ERP system for settlement. Solution covered
- Auto reading of supplier emails & downloading PDF invoices
- Classification of invoice template and data extraction from document
- Web portal for the Finance team to review extracted invoices, correct and submit for approval
- Automated Approval workflows processing invoices and sending them to configured approver-matrix
- Pushing the approved invoices to SAP for settlement
Customer – Global leader since 1966 in subsea production umbilicals, subsea power cables and Intervention Workover Control Systems for the offshore oil and gas industry
Benefits
- Upgraded legacy automation to AI based Intelligent Automation tech-stack
- TCO reduced by 60% with improved Customer Support
- Per-Invoice Receive-to-Approval Cycle Time reduced to 1-day from 7-days
