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Streamlined Accounts Payable Process For A Global Paints And Coating Manufacturer

Client

The client is a global coatings company develops and manufactures coatings for light and commercial vehicles, industrial, and refinish applications.

Industry 

Manufacturing

Region

United Sates of America

Streamlined-Accounts-Payable-Process-Global-Paints-Coating-Manufacturer1

Challenges

The client was processing the invoices manually which was a cumbersome and time consuming process. The also resulting in duplication of invoices as there were more than 350,000 invoices to be processed manually.

The client wanted to streamline and automate the entire process of Accounts Payable to reduce errors and turnaround time

Solution

Datamatics thoroughly analysed the client’s requirements and their IT infrastructure and implemented a solution, which comprised iPM workflow to have a centralized platform for processing the invoices across various geographies, • TruBot and TruCap+ to  automate the end-to-end processing have visually compelling dashboards and capture data from different formats of invoices.

Impacts

 

 

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99.7%

Quality level increased

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3 days

Time taken to process invoices which earlier took 5 days

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