Background

A leading producer of steel HRC approached us to provide a solution to automate AP processing and order entry.

The Challenge

• Automating accounts payable (AP) processing for large industrial organizations can be a complex and challenging task due to the scale, volume, and diversity of transactions involved.
• As is typical with many large basic-materials producers, our client's supply base presented a plethora of invoice formats with often complex structures that could even vary by line-item.
• Ensuring accurate extraction of relevant information from invoices is crucial to prevent errors in financial records and payments.
• Lastly, change management and retraining of the teams affected by the deployment are typically time-consuming and expensive.

Solution

• Simplify'd provided its fully managed, highly scalable and robust Intelligent Documents Platform to streamline the data extraction and 3-way matching for AP invoices.

Engagement Model

• A fully managed service engagement allowed the customer teams to focus almost exclusively on the ingestion of data into their existing ERP. The customer AP team continued using the existing ERP interfaces with no additional training required.

Results

• Deploying our Intelligent Documents Processing Platform as a fully managed solution, the client avoided protracted training and change management.