The Organization is one of the leading global Automobile Manufacturer with multiple plants across the Globe
Vendors Services Supported –UK, EU, SA, Australia, Germany, Belgium, Luxemburg, China, India, NA and Canada
The Organization processes about 4 million supplier/partner invoices a year. They need solution to:
Deployed 100+ highly skilled resources to manage end-to-end Account Payable & dedicated teams created to handle invoice receipt, inward OCR, Validation, Posting, audits & Recon
Designed “RPA”, automated process & excel macro for critical steps & dealing with errors by training tool to auto read text from new invoice format
Stringent process to irradiate duplicate invoice & payment & Timely analysis and regular
follow-up with suppliers to clear debit balance
6K+ monthly AP email processed with 100% compliance to TAT of 2 days.
Reduction in average handling time per invoice
40% efficiency improvement in supplier helpdesk
>99% Transaction accuracy
96% Payment by Due date for monthly Invoice volume of 34K
100% compliance to Monthly Statement Reconciliation
40% reduction in Vendor Debit Balance
12K and 6K Pre Audit and Potential Duplicate Audits monthly
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