A leading manufacturing company
United Sates of America
The client received invoices in a huge format 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.
Datamatics implemented RPA Tool, TruBot to automate the entire accounts payables process.
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 technology company that builds intelligent solutions enabling data-driven businesses to digitally transform themselves through Robotics, Artificial Intelligence, Cloud, Mobility and Advanced Analytics.
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