A Leading Multinational Consumer
Goods Company Automates Accounts
Payable (AP) Process with Nividous’ AP
This customer is committed to driving growth that leads to better living. The
customer drives growth through brands and experiences that bring people
together, their dedication to brewing the best beer with the best ingredients,
and their promise to helping farmers, retailers, entrepreneurs, and
communities to grow.
This customer receives over 10K invoices monthly from more than 400 vendors
across the globe. Each vendor has a different invoice format; manual invoice
processing consumed a significant amount of time of their highly skilled
resources. The manual operations were causing several delays in payments
and involved a high risk of human errors. The customer wanted to streamline
and automate its end-to-end accounts payable process to improve process
completion time, vendor relations and reduce operational costs.
Savings in full-time
Nividous’ AP automation solution with natively embedded RPA, AI, and BPM
capabilities was deployed to enable straight-through processing of invoices
allowing seamless management of different types of invoices, hierarchical
reviews and approvals from vendors, and step-by-step process flow
visibility within one single platform.
An in-built vendor portal allows vendors to directly upload invoices,
and if received via emails, RPA Bots can download and segregate
them by type such as PO, non-PO, freight, CAPEX, etc., and intelligently
extract data for further processing.
Depending upon the process of two-way or three-way invoice matching against required documents, the RPA
Bot with cognitive capabilities follows a defined set of business rules and validations to intelligently extract and
compare data and post it on ERP for straight-through processing.
The vendor portal also allows users to track automation progress w