A leading procurement platform provider that offers full procurement exchange solutions for customers in the healthcare industry wanted to reduce manual work by automating the invoice identification and verification workflow.
- Invoices submitted in varied formats
- 80% of all invoices, remittances & payments are on paper
- Manual processes are used to identify invoices from each vendor
- Data mismatch increased manual dependencies
The Zerone approach:
We implemented automatic invoice identification and verification workflow using the Abbyy FineReader, an OCR software. When a vendor submits an invoice to the customer, it is processed through an AI integration hub for normalization. Submit your details to know more about how the organization reduced its cost per invoice by 50% with OCR software solutions and machine learning technologies