Accounting
Accounts payable for a distribution group
- The problem
- The finance team keyed supplier invoices into the ERP by hand and chased three-way-match exceptions over email. Month-end close took nine days.
- What we deployed
- An agent that reads each invoice, matches it to the purchase order and goods receipt, codes it to the right accounts and posts it. Exceptions go to the AP team with the evidence attached, and controllers approve every payment above their limit.
85%of supplier invoices posted without manual entry
4 daysto close the month, down from nine
100%of payments above the limit approved by a controller