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
Processing Time / Invoice
Reduction in processing costs
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.
Founder & Managing Partner, Valta Technology Pty Ltd
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.
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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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