AP Invoice Processing enhanced by Intelligent Document Processing
Retail | Global Fashion Designers & Distributors
Challenge
A high volume of invoices flowing into the system resulted in high manual work
Multiple formats of invoices flowing in from different vendors
The manual effort resulted in higher rates of error in data entry and sometimes invoice matching
Employee churn also resulted in a considerable amount of time spent in training the new team members
Solution
Leverage UiPath document understanding to automatically ready the scanned invoice
Newer formats are passed to the ML model to parse the data
If the confidence score is lower than the defined threshold, it automatically transfers it to a human user for verification
Benefits
80% reduction in processing time
95% reduction in late payments
Improved data accuracy
Increase in employee satisfaction