Driving Innovation in Compliance through Automation of Invoice Auditing Process
To validate the receipt of the expenses in Concur and capture all the mismatching ID’s user manually spends 2-3 minutes for one invoice.Mismatched invoices are saved in the local drive, and manual sends, invoices to Employee and Manager email with the invoice attached
- To validate the receipt of the expenses in Concur and capture all the mismatching ID’s user manually spends 2-3 minutes for one invoice.
- Mismatched invoices are saved in the local drive, and manual sends, invoices to Employee and Manager email with the invoice attached
- This process is costly, time-consuming, and requires considerable investment in resources, 24×7
- The desired end goal of Automation is to deliver the bot with Automation & AI functionalities that validate approx. 25K – 26K invoices per year
- Without Human intervention Bot would save the invoice in the network drive, and an automatic email is triggered to the employee/Manager with the invoice attached
- It enables rapid reaction times, providing faster responses than those of humans. And it enhances accuracy, avoiding inevitable human errors and benefitting from the continuous performance.
- Sap IRPA
- SAP BTP
- Time Benefit:
- Saving ~70 hrs. Manual Effort/Month.
- Cost Benefit:
- Saving ~2.544 FTE~~800 Hrs. Manual Effort every Year.
- Incident Management (Phase2):
- Creates a ticket Proactively in Service Ticket Intelligence for Bot exception
- API is triggered for ticker Creation
- Data backup, management, and storage
Innovation in compliance through invoice auditing process automation has revolutionized how businesses handle invoice verification. Our innovative solution offers advanced algorithms, machine learning, and AI capabilities that streamline invoicing, ensuring efficiency, accuracy, and compliance. The benefits of our solution include increased efficiency, enhanced accuracy, improved compliance, real-time visibility, cost savings, and a customizable rules engine. Real-life examples of successful implementation in various industries highlight the positive impact of our solution on business operations.
In conclusion, our solution is a game-changer in the industry, providing businesses with the tools to automate their invoice auditing process and achieve higher efficiency, accuracy, and compliance levels. By leveraging the power of automation, businesses can optimize their resources, reduce risks, and improve profitability. Embracing innovation in compliance through automation is the key to staying competitive in today’s dynamic business landscape.
Take advantage of the benefits of our solution, and take the first step towards innovation in compliance through automation. Contact us today to learn more!