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Optimizing Accounts Payable process for house leasing company

Client

The client offers high-quality homes for lease in desirable neighborhoods across America. The client has given over 80,000 homes on lease in 17 countries

Industry 

Housing & Real Estate

Region

United States of America

Optimizing-Accounts-Payable-process-house-leasing-company-1

Challenges

 

The client had a large number of invoices that needed to be processed on a monthly basis. And since the entire work was carried out manually, caused multiple errors and time consumption in processing the invoices.

The client needed a centralized automated workflow solution to reduce the errors and increase productivity.

Solution

Datamatics used its BPaas workflow, iPM to  route invoices for approval, exception handling, purchase order & invoice matching. 

Datamatics also implemented its RPA solution TruBot and TruOCR to receive invoice, perform invoice imaging, ingest, auto-extract, auto-classify, and validate data.

Impact

cc63

99.8%

Accuracy Improved