Technologies Used
The client is a leading fuel distribution company in the US, supplying various fuel and related products to customers. With a vast network spanning multiple regions, they handle a diverse range of products and serve various industries
The accounts payable department in the company encountered significant challenges due to the manual handling of digital PDF invoices. Despite receiving a high volume of over 1000 invoices monthly from more than 50 vendors, each with unique formats, the process of verifying and inputting details into Netsuite Account Payables was entirely manual. This labor-intensive approach not only consumed substantial time and resources but also introduced a higher risk of errors. Consequently, it led to delays in processing invoices and making payments to vendors, impacting the efficiency and effectiveness of the accounts payable operations
Challenges
Time-consuming manual entry of multiple PDF invoices each month, led to delays in fuel supply chain management
Prone to manual errors in invoice processing, the company risked financial discrepancies, undermining trust and accuracy
Delays in invoice processing strained vendor relationships, impacting timely access to fuel supplies and affecting service delivery
Solution
Implemented UiPath with AI/ML for automated invoice extraction, boosting efficiency
Introduced manual review in Action Center, enhancing ML accuracy and process refinement
Automated NetSuite entries, streamlining financial operations and cutting processing times
Challenges
Time-consuming manual entry of multiple PDF invoices each month, led to delays in fuel supply chain management
Prone to manual errors in invoice processing, the company risked financial discrepancies, undermining trust and accuracy
Delays in invoice processing strained vendor relationships, impacting timely access to fuel supplies and affecting service delivery
Solution
Implemented UiPath with AI/ML for automated invoice extraction, boosting efficiency
Introduced manual review in Action Center, enhancing ML accuracy and process refinement
Automated NetSuite entries, streamlining financial operations and cutting processing times
Business Impact
Reduced Manual Intervention
The solution significantly decreased manual intervention within the first three months of deployment, streamlining the processes and enhancing efficiency
Saved 400+ Manual Hours Monthly
Following the initial three months, the solution resulted in saving over 400 manual hours each month, allowing the team to focus on more strategic tasks and boosting overall productivity
Zero Errors
Through automation, the client achieved error-free operations, eliminating the risk of inaccuracies and ensuring precise financial data management
Improved Business Decision Making
Empowered the client to make more informed business decisions with consistent data analysis and the ability to extract relevant Key Performance Indicators (KPIs).Empowered the client to make more informed business decisions with consistent data analysis and the ability to extract relevant Key Performance Indicators
Why Kanerika?
Kanerika is a premier provider of data-driven software solutions and services that facilitate digital transformation. Specializing in Data Integration, Analytics, AI/ML, and Cloud Management, Kanerika prides itself on its expertise in employing cutting-edge technologies and agile methodologies to ensure exceptional outcomes. With a proven track record across various industries, Kanerika maintains rigorous quality standards, backed by ISO 27701 certification, SOC II, and GDPR compliance. As a distinguished partner of Microsoft, AWS, and Informatica, Kanerika’s commitment to innovation and strong partnerships positions it at the forefront of empowering businesses for their growth.
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