Construction Finance & Accounting
Our client, a construction company, had some inefficiencies when it came to processing the purchase invoices. Incomplete invoices for example cause payment due dates to expire and thereby delaying projects. We offer an efficient and intelligent RPA solution that automates the processing of purchase invoices. Our solution reduces the amount of errors, throughput times and transaction costs.
The finance department of a construction company challenged us to find an efficient solution to process their purchase invoices. Once a purchase order has been placed, but some information is still missing, the orders cannot be processed. When the information is received, employees have to manually add this to the purchase orders. One can see how this becomes problematic as the process requires a lot of manual work. This causes the process to be prone to human error. Additionally, there is a time constraint. Because incomplete invoices can cause the payment due date to expire (thereby delaying projects), it’s important that invoices are processed as soon as they are completed.
The process of completing the purchase orders requires clicking through many applications, which takes up a lot of time. Secondly, the process is prone to human error, as all information is filled out manually. However, it is the perfect case to implement an RPA-based solution.
Months to ROI
Hours saved annually
Of effort automated