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The client received invoices from its multiple vendors and suppliers which were in an unstructured format and the purchase orders had to be matched with the invoices.
The entire process was carried out manually which resulted in multiple errors and increased the turnaround-time. The client wanted the audit process and the entire accounts payables cycle to be automated with least manual intervention.
TruBot is intelligent enough to read and extract the necessary information from the invoices without any template creation. the data is then auto-validated against the PO data, vendor master. In case of a non-PO invoice, it is put in a workflow for approval.
Reduction in FTEs
Volume of invoices processed with same amount of resources
Process institutionalized ensuring back-filling is not required on attrition
With increase in accuracy by a tremendous amount
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Datamatics is a Digital Technologies, Operations, and Experiences company that enables enterprises to go Deep in Digital to boost their productivity, customer experience and competitive advantage.