End-to-End Invoice Processing Automation using Nividous Smart Bots
The Nividous Smart Bots with Machine Learning (ML), OCR, and computer vision (CV) capabilities have entirely digitized our invoice processing, enabling a 90% reduction in the process turnaround time. We were able to reduce manual human errors significantly with the automation. Our workforce is now able to spend more time on prioritized tasks.
Operations – Senior Manager
A Leading Manufacturing Company
Reduction in process turnaround time
Staff-hours saved per month
Reduction in manual human errors
Industry
- Manufacturing
Processes Automated
- Invoice processing using machine learning, computer vision, and OCR
Automation Highlights
- Bots with native machine learning capabilities can read and understand data from several types of invoices
- Bots with advanced OCR and computer vision capabilities could read and fetch data from image-based invoices
- Built-in Human-Bot governance to expedite invoice approvals
- The automation can be easily scaled up to manage an increasing number of invoices
A Leading Manufacturing Company
The client is an established brand in manufacturing precipitated and activated calcium carbonate powder. The customer receives hundreds of invoices monthly from multiple vendors. Over four FTEs were required to manually transcribe data into SAP, which delayed the processing considerably.
Nividous Smart Bots were deployed with machine learning, computer vision, and OCR capabilities to read details from several unstructured data sets and feed them into SAP with very high accuracy.
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