International Finance

Industry

Finance

Sector

Logistics

Solution

Financial Process Automation

Problem

  • Purchasing and accounting departments were challenged with a high level of manual document processing.
  • Time-consuming, error-prone, manual process caused challenges in downstream
    processes.
  • High volume of paper documentation to organize and file, resulting in frustrated staff.

Solution

  • Allows for a single point of ingestion for all document types.
  • Automated processing allows for an audit trail for document revisions and processes to adhere to.
  • Simple and scalable AP solutions to automate incoming invoices.
  • Expansion capability to handles other document types.
  • Integrated self-learning technology increases efficiency and reduces chance of errors occurring.

Outcome

  • Increase in employee satisfaction, significant cost savings, and lasting economic
    advantages.
  • Since automating their process more than 90% of orders are received via email or EDI. Of these, 70% of order confirmations, and 80% of invoices are posted straight through, directly to the ERP system.