Staff manually typed 5,000 vendor invoices yearly, creating bottlenecks. Now, AI extracts data directly from emails for human review.
The New York branch of a leading French banking group processes 3,000 to 5,000 vendor invoices annually.
Employees manually filtered invoice emails from vendor aliases, typed the data into a purchasing system, and submitted them for payment. This...
“A dedicated employee would filter invoice-specific emails from their purchasing or vendor procurement aliases. Then they would manually enter each invoice into a purchasing system and submit it for payment. There were few controls, or reporting.”
Cooperative banking and insurance group serving retail and institutional clients.
Enterprise software, cloud infrastructure, and consumer electronics platform.
Related implementations across industries and use cases
Teams spent 20 minutes matching each invoice. AI now reconciles poor scans and physical stamps in 8 seconds.
Teams manually transcribed complex 300-page tax forms. Now, a specialist annotates one page and AI trains custom extraction models.
Staff handled invoices 3 times, causing 2-week delays. AI now validates data and routes approvals, cutting processing time to <1 min.
Teams spent 20 minutes matching each invoice. AI now reconciles poor scans and physical stamps in 8 seconds.
Staff handled invoices 3 times, causing 2-week delays. AI now validates data and routes approvals, cutting processing time to <1 min.
Seven analysts manually wrote notes for 200 products. AI agents now digest fact sheets to draft compliant commentary instantly.
Complex approvals delayed digital services for 74M customers. Now, business teams use low-code tools to launch specialized AI agents.
Rigid rules slowed 990,000 invoices. ML now matches payments across 1,000 process variants, freeing cash trapped in manual cycles.
Finance teams managed 1.5M transactions via scattered spreadsheets. Now, AI agents extract data and route journal entries in seconds.