Procure to pay team of a leading pharma company processes more than 2500 invoices in a day. A 25-member team used a combination of software for processing the supplier invoices. This required multiple manual interventions for capturing data, validating and posting invoices.
With our cognitive approach, the existing process was assessed. 100% automation opportunities were identified scientifically to eliminate most of the human touch in mail room & invoice processing. The automation is fully controlled with proven risk controls in place. We used combination of Computer Vision , Image Processing & NLP to capture and validate required data from invoices. Robot logged into necessary systems performed required calculations & validations and posted the invoice for payment.
Time spent on manual checking has been saved making the process 70% faster. The client also realized a 40% FTE benefit. The solution optimized the process with a strong foundation for any future improvements.