Industry: 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.

Business Requirements

The client was facing issues with their account payment systems; they wanted to extract data from digital as well as scanned devices. In addition to this, 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 account payable invoices processing in Oracle EBS
  • Extract data from digital and scanned invoices
  • Perform 3-way, 2-way matching, insert Non–Po invoices, apply business validations
  • Capture anomalies and notify the finance team, with email follow ups
  • Reporting and Exception logging
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Business Challenges

Semiconductor

Account Payable Team: 15, processes 18,000 invoices per year from suppliers across the globe

Semiconductor

1400+ vendors across its supply chain

Semiconductor

Manually extract Data from Invoices & enter it 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, 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 custom package API

The Business Benefits:

  • 90% reduction in Invoice processing cycle (20 min to 2 mins)
  • 82 % Touchless invoice processing
  • 24X7 Invoice processing
  • $50,000 USD saved till today

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