$120,000 saved per year
Improved invoice recording accuracy
Increased efficiency by reducing duplicate efforts
Global manufacturing firm that partners with customers to provide sustainable paper and packaging solutions that help them win in the marketplace.
- Three-way invoice matching
- SAP R3
- ABBYY OCR component
- 400 transactions per month
- Robotic process automation (RPA)
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Each month, the AP team performs three-way matching on invoices. Team members compare data from physical invoices and supplier statements and then update values in the ERP system (SAP). The team also reviews debits and credits, and general ledger postings. These activities took too long to perform, were at high risk for errors, and needed to be more scalable. Leadership wanted a solution that could handle high volumes at a higher accuracy without needing to increase efforts from SMEs.
The automated solution uses OCR to read details from the receipt of goods and the invoice and checks for immediate errors. It uses business logic to determine that the values match within tolerance levels, and the automation updates the purchase order in SAP. If the purchase order and invoice reconcile, the automation can also post the entry to the general ledger. At day end, the automation sends a status report to show which cases were completed successfully and which require follow-up by the AP invoice team.