Infinit-Automate: Accounts Payable Automation for a Financial Services Company

Challenge

The A/P team of a financial services company was sorting, reformatting, and organizing hundreds of invoices daily from multiple vendors. 

Solution

Infinit-O leveraged its proprietary InfinitAutomate platform and configured an AI powered digital worker to streamline the entire process, enabling the entire workflow to be automated without the need for any human interaction. 

This digital worker was configured to manage 4 bots, automating each task:

• Extracting the invoices from the system
• Splitting the invoices according to invoice number and vendor name
• Extracting text from each invoice
• Reformatting and saving the invoices in an online file storage

Benefits

Automating the entire workflow using Infinit-O’s AI driven technology solution achieved measurable productivity and business improvements. The solution saved valuable time and significantly improved efficiency, accuracy, speed of decision-making, and cash management.

Implementing accounts payable automation can transform the efficiency and accuracy of the accounts payable function within an organization. Offshore BPO service providers like Infinit-O provide business process automation solutions and business intelligence solutions that automate a variety of services. 

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