Overview
Founded in 1984, the client is a leading manufacturing company.
INDUSTRY
Manufacturing
SERVICES/PLATFORMS
RPA/UiPath
Founded in 1984, the client is a leading manufacturing company. They faced challenges comparing purchase orders with disorganized invoices from numerous vendors and suppliers. The manual process was prone to errors, caused delays, and increased processing times. The client aimed to minimize human involvement in the audit process and accounts payable cycle.
Friction Points
- Error-Prone Manual Work: Comparing purchase orders and invoices manually led to frequent mistakes.
- Lengthy Processing Times: Manual operations extended turnaround times (TAT).
- High Human Involvement: The audit process required significant effort, increasing costs and inefficiencies.
Solution
- Automated Data Extraction: UiPath read and extracted relevant data from invoices without requiring templates.
- Seamless Cross-Checking: The system auto-matched extracted data with purchase orders and vendor master data.
- Approval Workflow: Non-PO invoices were routed through an automated approval process for validation.
Impact
- Reduced FTEs: Full-Time Equivalents (FTEs) dropped from 15 to 3.
- Increased Volume Efficiency: Invoice processing capacity doubled with the same resources.
- Improved Accuracy and Speed: Significantly reduced TAT while boosting accuracy across the process.