Client & Industry
Client: Swiss Financial Services Provider
Industry: Financial Services
Challenge
The financial services provider manually processed over 3,000 incoming invoices monthly. The process tied up three full-time employees, was error-prone (4.2% error rate), and didn't scale with business growth. The average processing time per invoice was 18 minutes.
Solution
Our Solution: AI-Powered Invoice Automation
We developed a tailored AI solution that automates the entire invoice processing workflow – from capture to approval.
The solution comprises three core components:
- Intelligent Document Recognition (OCR + NLP): Automatic extraction of all relevant invoice data – regardless of format, language, or layout.
- Rule-Based Validation & Matching: Automatic reconciliation with purchase orders and contracts. Discrepancies are instantly detected and escalated.
- Adaptive Approval Workflow: The system learns from corrections and continuously improves its accuracy. After 8 weeks, the recognition rate reached 99.7%.
Implementation was completed in just 4 weeks without disrupting ongoing operations. The system was seamlessly integrated into the existing ERP infrastructure.
Results
85% Less manual work
200,000 CHF Annual savings
4 Weeks to go-live
0.3% New error rate
Testimonial
“The AI solution has transformed our finance department. What used to take days, the system now handles in minutes – with fewer errors than ever before.”
CFO
Financial Services, Swiss Financial Services Provider
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