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
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.
.svg){kind=small}
.svg)
.png)