Media and Entertainment
Case Study: Fortune 500 Company Automates Invoice Data Extraction for Scale
International Media Organization provides the world with innovative streaming services and digital video products, as well as production, distribution and advertising solutions, delivering the largest share of the U.S. television audience with among the most extensive TV and film title library.
- 500,000 invoices annually from over 100,000 suppliers
- 500 unique data capture and validation rules
- Robotic Process Automation (RPA)
- ABBYY Flexicapture for Invoices
- Email system
Accounts Payable team successfully automated 40% of invoice processing from receipt to registration into SAP/Ariba, using WonderBotz InvoiceBotz which provided over 500 unique data capture and validation rules. Focus turned to the remaining 60% of invoices that were not already automated. The organization sought substantial increases in automated throughput and performance improvements on internal and external service level agreements.
A joint client/WonderBotz team worked closely together to scale InvoiceBotz processing scope by adding more vendors and templates to the existing program. Using existing WonderBotz InvoiceBotz functionality, the joint team identified new vendor invoices to be added, grouped by high and low volume, region, and formats, and expanded the business rules to further verify extracted data to improve confidence levels and OCR data quality.
86% vendor invoice coverage, up from initial 40%
Additional tactics increased throughput to 92%
$250,000+ in additional annual savings
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