Case Study – 980 Hours of Yearly Efforts Saved from Invoice Processing Automation
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The Situation
A group of companies in the Middle East was looking to rethink its approach to invoice processing.
The process in place was time consuming and involved multiple stakeholders.
To add to this, a sudden shift to remote working gravely affected the Finance team’s productivity as close to 980 hours of man effort were spend a year on just invoice processing.
The growing volume of documents being produced, along with its slow processing and data quality issues during the pandemic gravely highlighted the need to digitize the invoicing process.
What Data Semantics Implemented?
Today, Serina helps capture 3 categories of invoices – Service, Quantity and Direct invoices.
The AP team orchestrates more than 2000 invoices every month, on a completely touchless platform right from portal to ERP, with close to 98% of accuracy.
The deployed solution has empowered the company to save 1000-man day efforts per year.
