How did a leading UK manufacturing company successfully automate their Accounts Payable process with NexBotix?
How did a leading UK manufacturing company successfully automate their Accounts Payable process with NexBotix?
2 minutes per invoice
1.07 per invoice to process manually
9 full time employees to support the manual process
duplicate invoices
time saved per invoice
reduction of annual process cost
reduction of employee resource needed
reduction in duplicate invoices
2 minutes per invoice
1.07 per invoice to process manually
9 full time employees to support the manual process
duplicate invoices
Return on Investment
Reduction in Processing Time
Time Saved Per Annum
Straight Through Processin
This manufacturing client had 9 full time members of staff delivering the Accounts Payable process across 5 business functions.
They were using legacy accounting software and lacked standardisation across the board.
We were able to automate 85% of this process using our NexBots, OCR, machine learning and Analytics.
The customer is now able to manage their automation via our NexBotix platform and runs weekly performance reports.
The customer has identified many benefits through our analytics, including duplicates and data quality issues.
83% time saved per invoice
Our bot can now process an invoice in 20 seconds, compared to 2 minutes per invoice when executed manually.
80% reduction in duplicate invoices
Our analytics allowed the customer to improve supplier billing to reduce duplicates
60% reduction of annual process cost
This automated process now costs the organisation 64p per invoice, compared to the £1.07 per invoice to process manually
90% reduction of employee resource needed
Only 1 full-time employee is needed to support the automation programme, rather than 9 full time employees to support the manual process.
The NexBotix solution is delivering a huge benefit to our company. Our Accounts Payable team now spends more talking with suppliers, and completing interesting analysis work. I’ve seen a huge shift in employee engagement and motivation.
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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