Global Finance Firm automates Mortgage Valuations with NexBotix
Global Finance Firm automates Mortgage Valuations with NexBotix
Prone to human error
Costly manual process
Time consuming manual process
No accurate data available for audits
accuracy
reduction in processing cost
faster than a human
auditability
Prone to human error
Costly manual process
Time consuming manual process
No accurate data available for audits
Return on Investment
Reduction in Processing Time
Time Saved Per Annum
Straight Through Processin
Mortgage valuations are collected on an iPad and emailed through to the back office once complete. The back office then reviews and enters that data from the form into a finance system. Documents are typically 6 pages long. The whole process is time consuming and error prone.
The automated process used a combination of OCR and RPA to extract all the data from the documents, validate it and then post that data into the finance system. Whilst it was a straightforward process to automate, the benefits were significant due to the high volume.
100% accuracy
The bots can only do what they are programmed to do, so any data entering the finance system was 100% accurate.
50% reduction in processing cost
The manual process took an extended amount of time to complete, meaning that automation delivered a significant cost saving to the firm.
4 x faster than a human
The bot can work at lightning speeds, as long as the systems can cope. In this case the bot was 4 times faster than a human.
100% auditability
Every invoice is tracked through the NexBotix platform and can be reviewed at any time in the Activity Feed.
We were impressed with the domain knowledge and expertise of the NexBotix team. We’ve eliminated many thousands of hours of manual processing, meaning our people are now doing work they really enjoy, so motivation has dramatically increased.
Our team are on hand every step of the way to guide you through the process.
We will host a session with your team to gain a deep understanding of your systems and current process.
We'll build a clear ROI focussed business case outlining the time and money you will save with our Invoice Processing solution.
We'll happily build a pilot for you and your team to see how well the solution processes a specified number of invoices.
Our team will design, build and manage your automation and you will be assigned a dedicated Customer Success Manager who will be your main point of contact.
© 2024 | NexBotix | All rights reserved
