Rodic Consultants automated its Invoice Process and achieved 85% reduction in TAT
Abstract
Rodic Consultants wanted to automate the invoice process received from their vendors in True PDFs. After much-sought exploration, they consulted RPATech for expertized guidance and RPA solution.
Our Client
Rodic Consultants, a leading business consulting company, offers end-to-end solutions in various sectors. They believe in delivering cost-effective and time-effective projects, owing to their exceptional commitment to customer service. With their headquarters in New Delhi, they have their registered cum regional office in 6 states in India.
The Problem
Their finance team received thousands of invoices from vendors in True PDF format. Their toughest challenge was to manually map and enter these invoices in their ERP system daily. The finance department used to spend hours manually uploading copies into the ERP system. The major impact of manual invoicing is felt in the area of productivity and process cycle time.
The three main challenges that the client faced were:
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The Solution
RPATech worked with Rodic Consultants to develop a customized RPA solution that could automate their invoice processing. The solution involved automating the entire invoice processing cycle, from data extraction to payment processing. RPATech used intelligent OCR to extract data from invoices and validate it against the company's ERP system. The solution also included automated payment processing, which helped them process payments faster and more accurately.
?Business Outcomes
RPATech is an RPA Consulting, Services, and Solutions provider, classed among the top Intelligent Automation companies by industry analysts. RPATech consults organizations on leveraging the right RPA platforms and artificial intelligence technologies and designing and developing RPA bots using RPA, AI, and ML to automate our customers’ business processes.
The company is partnered with top RPA vendors, such as UiPath, Automation Anywhere, and Microsoft. They work on enhancing the capabilities of these automation platforms by infusing AI, BI, workflow, and other technologies, ensuring improved outcomes and a better automation experience for their customers. RPATech has helped its clients to increase their efficiency, save costs and increase competitiveness by discovering automation potentials and designing, developing, and optimizing its processes.