Case Study
How a Semiconductor Reduced the Time Up to 90% While Cutting the Cost of Invoice Processing Using RPA
Download Case StudyIndustry: Hi-Tech Semiconductor
About the Client
The company is a leader in the semiconductor manufacturing industry, with the highest standards for quality and performance, and is truly global in terms of its operations and clients. The network is spread across continents, with offices in every major city. The company is an expert at manufacturing semiconductors and has global recognition in the Hi-Tech industry.
The Business Benefits:
- 90% reduction in Invoice processing using RPA (20 min to 2 mins)
- 82 % Touchless invoice processing using RPA
- 24X7 Invoice processing using RPA
- USD $50,000 saved to today
Business Requirements
The client needed help with their account payment systems; they wanted to extract data from digital and scanned devices. In addition, they wanted to create a functionality where they could have a 2-way and 3-way matching system. Also, it needed to be able to insert non-PO invoices.
- Touchless accounts payable invoice processing in Oracle EBS
- Extract data from digital and scanned invoices
- Perform 2-way, and 3-way matching, insert Non–PO invoices, apply business validations
- Capture anomalies and notify the finance team with email follow-ups
- Reporting and Exception logging
Business Challenges
Account Payable Team: Team of 15 processing 18,000 invoices per year from suppliers across the globe
1400+ vendors across its supply chain
Manually extract Data from Invoices and enter the data into Oracle EBS
The Solution
Invoice Document Data Extraction
- Digital and Scanned Invoices are received in the AP team mailbox
- Bots extract scanned invoice data using OCR and interpret the extracted data using Supplier Template definitions and UiPath AI center
Automated Invoice Data Entry
- Bots run mandatory value checks and raise exceptions for manual data validations
- Post extraction and validation, the bots insert invoice data to the Oracle EBS through a custom package API
