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Hitech House
Near Gurukul Tower
Gurukul, Ahmedabad - 380052
Gujarat, India

Phone: +91-794-000-3000

Fax: +91-794-000-3202

Email: sales@hitechdigital.com

BPM

Automation of invoice processes reduced operational expenditure by 65% for UK-based information management company

Automation of invoice processes reduced operational expenditure by 65% for UK-based information management company Banner

Client Profile

A leading information management software and service solutions provider, the client helps more than 400 global businesses to scale up their business processes. They leverage automation and technology to create, process, manage and distribute vast quantities and types of information including mail, invoices, drawings, web pages, financial reports and many other forms of electronic information.

Business Need.

The company’s data capture and processing solutions for financial documents required ongoing scanning of huge volumes of data to gather information, entering the data and matching invoice data against supplier payments. In order to speed up the process and improve the accuracy of invoice data processing, the company was looking for a partner with extensive experience in offering automated data management solutions.

Challenges.

Solution.

The entire invoice processing activities, from downloading scanned invoice images to extracting, validating and updating invoice details in the client’s web based KOFAX tool was automated. Scripts and bots backed with human intelligence were used to automate the entire invoice validation process. Macros were leveraged to generate a unique identification number which ensured timely payment processing.

The results:

Approach.

Receiving input documents from client

Classification of invoices

Data Entry of extracted information

Quality check of data entered

Business Impact.

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