A leading automobile manufacturer

AI invoice processing agent slashing operational costs

Business challenge

The client faced the challenge of managing a legacy invoice processing workflow, with manual work supporting 600+ vendors. The resulting errors and omissions caused missed payment SLAs and impacted the brand image. Additionally, vendors had difficulty tracking the status of their invoices.

Solution

To overcome these challenges, we implemented the BeyondKognition™ platform, which integrated with the vendor management system. The platform automated the processing of structured and unstructured data from invoices, extracting fields for review and validation. With colour-coded accuracy checks and real-time processing status communicated through multi-channel, the platform improved the invoice processing workflow and status tracking for vendors. This solution helped the client improve their payment processes, reduce errors, and enhance vendor relationships.

Project outcome metrics

96%
accuracy of data extraction
Template free extraction
Invoice processing time reduced from days to minutes
Enriched user experience for vendors with automated updates

Summary of the services used in the project

  • BeyondKognition™

Eliminate repetitive and manual processes in your organisation with BeyondKognition™.

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Insights & resources

Beyondsoft is a leading global provider of IT solutions par excellence. Explore our insights on the transformative power of IT.   

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