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AP Invoice & PO Reconciliation Automation
JULY @2020
AMERIT FLEET
RPA,OCR Finance Logistics
Business Need
The client organization was spending 8,333 hours to process 100,000 invoices annually. The business need was to automate the Invoice Intake process, Voucher Creation, GL coding, PO Reconciliation, PO closure,report missing POs to the Accounts Payables department.
Our Solution
Our AP Invoice and PO Reconciliation solution consisted of multiple RPA Bots working in tandem with the OCR Bot to replace the manual effort with an automated process. Manual intervention was reduced to scenarios where invoices did not pass the validation rules and for final approvals. 
Key highlights of
our solution:
Automated intake of 100,000 invoices received annually from 700 vendors via email, vendor-website-downloads, fax, and hand-delivered
50% of these invoices are complex, 22% are photo images, and 9% are 3 pages long
The AP automation includes AP/GL coding, verification, 3-way match between two enterprise applications, PO exception reporting, PO closure, and enabling unused PeopleSoft FSCM Workflow features
Our Solution
Our AP Invoice and PO Reconciliation solution consisted of multiple RPA Bots working in tandem with the OCR Bot to replace the manual effort with an automated process. Manual intervention was reduced to scenarios where invoices did not pass the validation rules and for final approvals. Key highlights of our solution:
Automated intake of 100,000 invoices received annually from 700 vendors via email, vendor-website-downloads, fax, and hand-delivered
50% of these invoices are complex, 22% are photo images, and 9% are 3 pages long
The AP automation includes AP/GL coding, verification, 3-way match between two enterprise applications, PO exception reporting, PO closure, and enabling unused PeopleSoft FSCM Workflow features
Business Value Delivered
The return on investment from this automation resulted in savings of 8,333+ manual work hours (4+ FTEs worth of work) with quality, error checking, and reporting
Break even in 3 months, 70% savings and realized saving from the very first month
Business Transformation: Agile Delivery; Realized ROI on weekly basis
