Case Study
AP Automation
Customer Profile:
Steel Making
Location:
US Midwest
Business Need:
- Reduce labor content for processing of invoices
- Handle a complex mix of suppliers and commodities
- Deploy a single platform across AP and Order Entry
- Reduce / Eliminate change management
Solution:
- Intelligent Document Processing
- Fully Managed Documents Processing
Impact:
- 20X higher documents per employee-hr
Background
As a leading producer of steel HRC, North Star BlueScope Steel faced the challenge of scaling up the business in a full-employment economic environment that made it increasingly difficult to hire and retain talent. This made it crucial to explore AP automation solutions that could integrate with their existing ERP and provide rapid deployment and consistent execution.
The Challenge
- Automating accounts payable (AP) processing for large industrial organizations can be a complex and challenging task due to the scale and diversity of the supply base involved.
- Ensuring accurate extraction of relevant information from invoices is crucial to prevent errors in financial records and payments.
- Lastly, change management and retraining of the teams affected by the deployment are typically time-consuming and expensive.
Solution
- Simplify'd provided its fully managed, highly scalable and robust Intelligent Documents Platform to streamline the data extraction and 3-way matching for AP invoices.
Engagement Model
- A fully managed service engagement allowed the customer teams to focus almost exclusively on the ingestion of data into their existing ERP. The customer AP team continued using the existing ERP interfaces with no additional training required.
Results
- Deploying our Intelligent Documents Processing Platform as a fully managed solution, the client avoided protracted training and change management.