Automating Invoice Processing for major Fresh Produce company.
Automating Invoice Processing for major Fresh Produce company.
Time consuming process
High processing cost
Lack of team morale
No data available for audit
saved per year
reduction in processing cost
faster than a human
auditability
Time consuming process
High processing cost
Lack of team morale
No data available for audit
Return on Investment
Reduction in Processing Time
Time Saved Per Annum
Straight Through Processin
The company receives thousands of invoices every month. Many in different currencies and many with multiple shipping methods. Understanding, verifying and coding the goods onto the Purchase Ledger is an extremely time-consuming task for the Accounts Payable team.
Automating the end-to-end process has delivered a significant amount of time and quality benefits for the company. The process is complex, yet the NexBotix solution handles it with ease. With varying workflows and large approval chains, human bot collaboration is a key element of the solution.
Over 3,000 hours saved a year
The company were pleased to report that they’d been able to save over 3,000 hours a year by stopping manual data entry and manual approvals.
50% reduction in processing cost
The company was able to redeploy resources to other tasks and enjoy the benefits of a pay-as-you-go solution, delivering a 50% saving compared to manual processing.
75% faster
Whilst the end-to-end process is complex for both humans and bots, the bot was still able to process invoices 75% faster than a human. This ensured a happy supply chain.
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.
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