Automated invoice processing and achieved 90% reduction in TAT
Our Client
One of our USA based client is a well-known business consulting firm that provides comprehensive solutions across multiple industries. Their core values of exceptional customer service and cost-effective and time-efficient project delivery are ingrained in their work. Their main office is situated in New Delhi, while they have registered regional offices in six different states throughout India.
The Problem
Client’s finance team faced a daunting challenge of manually mapping and entering thousands of invoices from vendors received in True PDF format into their ERP system every day. This manual process resulted in low productivity, slow turnaround time, and calculation errors, which significantly impacted their process cycle time.
The Solution
To address these challenges, RPA Unicorn collaborated with client to develop a tailored RPA solution that could automate their invoice processing. The solution automated the entire invoicing cycle, starting from data extraction to payment processing, leveraging intelligent OCR to extract and validate data from invoices against the company’s ERP system. The automated payment processing feature further enabled the team to process payments more accurately and efficiently.
Business Outcomes
The implementation of the RPA solution led to significant business outcomes, including an 90% reduction in turnaround time, an 80% reduction in manual intervention, and a zero-error rate, thereby enabling the client to increase their productivity and enhance their overall process efficiency.
