A compliance tool that saves time and money
A client is manually verifying invoice pricing matches their project bids, which is time consuming and error prone. Suppliers regularly change prices, which, left unnoticed, quietly accumulates an increase in costs.
Fortunately, the invoice validation workflow presents a strong opportunity for AI-enabled automation. But where to begin?
We built a customized tool that manually reads hundreds of invoices a week against thousands of lines of alphanumeric pricing data to identify costly mismatches.
In the first few months of testing, the tool identified thousands of dollars in price variances for the client. Plus, the headache and frustration of not having to manually review all the prices on their own.
If you’re an organization that has identified a nuisance workflow - one that is manual, time-consuming and costing real dollars in human-based errors - let’s talk more about how building an AI-prototype can help alleviate some manual effort from your organization.