Balancing Speed & Accuracy in Invoice Processing: Why You Shouldn’t Have to Choose
The False Tradeoff That’s Costing You Money Finance leaders face what seems like an inevitable compromise: process invoices quickly or process them accurately. Choose speed, accept errors. Choose accuracy, accept delays. This tradeoff sounds logical. It’s also completely wrong. The speed-accuracy dilemma isn’t an inherent constraint of invoice processing. It’s a limitation of traditional extraction […]
Your Invoice Processing Just Got So Much Better
The Invoice Processing Problem Nobody Wants to Talk About Your finance team processes invoices the same way they did five years ago. Manual data entry, verification spreadsheets, error corrections, payment delays. The industry sold you OCR as the solution. You deployed it. Accuracy hit 80% on real documents. Your team still spends 67 hours monthly […]
Global Consumer Goods Leader Reduces Invoice Processing Time by 82% with RPA
Industry: CONSUMER GOODS Department: FINANCE Process: INVOICE PROCESSING 82% reduction in TAT 100% accuracy achieved Enhanced customer satisfaction The Client The client is a globally recognised consumer goods leader with a diverse portfolio of household brands and a vast distribution network across multiple countries. Given the scale and complexity of their business, managing vendor invoices efficiently […]
AI-Powered Invoice Automation: A Primer
The modern finance landscape demands more than traditional invoice processing methods can deliver. Where manual approaches consume weeks to process invoices and cost $15 to $25 per transaction, AI-powered invoice automation completes end-to-end workflows in just a few minutes to hours while reducing costs to just $2.36 per invoice. This transformation extends beyond simple efficiency […]
Denso Saved 80% Time on Order Management with Intelligent Automation
Industry: Automotive Department: Logistics Process: Order Management 80% time saved 100% accuracy achieved 360° visibility for stakeholders Client Overview Denso is one of India’s leading automotive manufacturers and suppliers, producing critical components for major automotive companies. With a high volume of daily orders, efficient order management was essential for streamlined operations. The Challenge Denso receives 600+ […]
Invoice Processing Automation for a Prestigious Automotive Company—A Case Study
Synopsis The manufacturing industry is a prominent contributor to the global GDP. This industry alone contributes 15% of the global economy, yet 72% of its operations are handled manually. As industry 5.0 is advancing, there is an increase in demand for knowledge-based manufacturing and a need to reduce the gap between knowledge, technology, and services […]
Automate Invoicing for a Large Recycling company resulted in a 90% reduction in Manual Efforts
Synopsis Many companies are still orchestrating their accounts payable process manually that is largely paper-intensive and labor-intensive. Such manual process impacts both small-scale and large-scale companies receiving hundreds, thousands, or even millions of invoices yearly, showing its limitations. Some businesses try to resolve this issue with partial automation by using electronic mode of receiving invoices. […]
100% Transaction Accuracy Achieved in Invoice Processing with RPA
Our Client Our client is a leading news channel in India with a wide network of correspondents and reporters. They have several regional channels across the country and aim to provide fast and up-to-date news coverage to viewers. The Problem The finance team receives over 450 approved invoices daily from various departments and processing such […]