Robotic Process Automation (RPA) is known for its revolutionary abilities to automate manual, back-office tasks. There isn't a department more suited for RPA implementation than the finance department. V-Soft worked with a multinational manufacturing company to automate their invoice inflow and outflow processes using RPA architecture. Learn more about this in the case study video above or the recap below.
The Daily Struggle of Manual Invoice Processing
With over 13,000 accounts and multiple vendors, the company V-Soft worked with was struggling with redundant and time-consuming tasks such as collecting and tracking invoices. It was tedious to keep track of everything. Mistakes were made and employee morale was low. The entire process wasn’t efficient and had become costly.
Streamlined Invoice and AP Management
V-Soft Labs developed a multi-bot, RPA architecture capable of managing invoice inflow and outflow. These bots can launch sites, login, navigate, and download data.
The bots also extract relevant information like service dates, account numbers, vendor names, and file names from the collected files to sort and escalate documents to employees via email or API call.
Saving Time and Resources with RPA
This effective invoice automation solution allowed the company to process 13,000 accounts in less than 8 hours. It saved time, resources, and increased productivity by 42 percent.
The process minimized errors and operational risks resulting in improved overall service. The highly scalable multi-bot architecture also reduced costs by 64 percent.
- Robotic Process Automation (RPA)
- Blue Prism
V-Soft is helping businesses meet their automation goals to save time and staff efforts. If you’re interested in learning more about this solution or understand how our team at V-Soft Labs can help, visit www.vsoftlabs.com.