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Case Study
Automating Invoice Processing for ValtaTech
The client is a managed services provider based in Melbourne, Australia working with over 60 enterprise customers helping them with digital transformation of their procurement, accounts payable and payment processes.
A quick look at the impact Docsumo had in the ValtaTech Workflow
<2 min
Processing Time / Invoice
65%
Reduction in processing costs
98% +
Accuracy
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Using Docsumo turned out to be a real game changer for us.
Bringing down the invoice processing time from a few hours to less than 5 minutes with 100% accuracy has been a real-game changer for us. With Docsumo’s help, we have been able to automate invoice processing resulting in lower turnaround time and better customer experience.
Jussi Karjalainen
,
Founder & Managing Partner, Valta Technology Pty Ltd
,
ValtaTech
Challenge
The client needs to process over 20,000 invoices per month all in very different formats.
The operations team would manually enter semi-structured invoices into a standard format for processing.
In total, processing all these invoices would take a dedicated team of 20+ back office staff.
The operation team would need to extract invoice line items and validate extracted data to achieve 100% accuracy.
To meet service level guarantees, the client needs to monitor the whole process to measure accuracy and turn around time.
Industry
Managed Services
Employees
100
Type of Documents
Invoices
Location
Australia
Division
Operations
Other API Products
No items found.
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Download Case Study File
What holds managed services providers in their day-to-day operations and how Docsumo can help fix them? - All your questions answered in this case study!
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