About the Client
Lattice has been in the business of semiconductors since 1983 and has crafted an irreplaceable position in the semiconductor market. Lattice has large-scale demand from across the globe. Lattice needed faster processing in their invoice generation to fulfill this demand, which created a bottleneck in the process.
With our help, they streamlined their process and made it faster and better.
- 90% reduction in Invoice processing cycle (20 min to 2 mins)
- 95 % Bot Processed Invoices
- 24X7 Invoice processing
- 120,000 USD saving
The semiconductor industry is competitive, and businesses require to be faster with their process, especially those creating bottlenecks. Lattice needed touchless invoice generation, extracting data, performing 3-way and 2-way matching, applying business validation capture anomalies, and notifying the finance team.
- 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.
3rd Party Vendor processes ~35000 invoices per year from suppliers across the globe
800+ vendors across its supply chain
Manually extract Data from Invoices & enter them into Oracle EBS