Objective:
The manual invoice processing system at a leading manufacturing company was inefficient and time-consuming. The process involved manually entering data from invoices into the SAP system, which was error-prone and resulted in delays in payment to vendors. The company was looking for a solution that would streamline the invoice processing system, reduce errors, and improve payment processing times..
Solution:
The RPA solution involved automating the entire invoice processing system, from data extraction to posting in the SAP system. The software was programmed to read invoices and extract data using OCR technology. The extracted data was then verified against the SAP system, and any discrepancies were flagged for review by the finance team. The RPA solution ensured that invoices were processed accurately and quickly, reducing payment processing times and improving vendor relations.
Benefits:
- Reduced invoice processing times by up to 80%
- Improved accuracy and reduced errors in the invoice processing system
- Improved vendor relations by ensuring timely payments
- Increased productivity by automating manual tasks and freeing up resources for other critical tasks.