The client partnered with Crave InfoTech to fully automate their invoicing processes.
One of the largest oil and gas companies in the fastest oil-consuming market, the client, wanted to instill efficiency and effectiveness within their invoice and exception management.
The client faced delays and inefficiencies while handling invoices, audits, and exceptions. The employees spend many hours processing a single invoice.
Hundreds of invoices parked in emails
Diverse invoice formats - need for standardization
Manual invoice logging and processing
Resource and time cost of manual invoice logging
High error probability within invoice processing
Within a few fortnights, the client was able to streamline all their incoming invoices using Crave’s Robotic Process Automation (RPA), extended over SAP’s Intelligent Robotic Process Automation (IRPA).
Some high-points from the solution were:
Faster Time to Value with Quick Deployment
Automatic invoice extraction from emails
Optical Character Recognition (OCR) for accurate document reading
Standardization in Invoice Formatting and Process
Fast Validation and Approvals
Real-time Exception Management
Security and privacy
Here are some direct impact metrics for the client.
< 1 min invoice processing
95% reduction in total processing time
50% productivity boost with automation
80% invoice extraction, validation, and posting cost reduction
$25,000/year saved through operational efficiencies
The automation with RPA helped us do 20 mins of work in 1 min, and that too, concurrently handling hundreds of invoices. It boosted overall employee and vendor satisfaction with an error-free and fast invoicing and audit process.