
EB DevTech Use Case: Revolutionizing Accounts Payable with Intelligent Automation
Our AI-based bespoke solution is running 24/7, automating tasks and driving constant efficiency for one of our manufacturing clients. Their manual AP invoicing was consuming excessive time. In 2023, they processed 300-400 invoices per week, totaling 17,175 invoices for the year. Each invoice took 2-3 minutes to process, and about 75% of them had no issues. With a year-on-year growth of 10%, the impact on costs was significant.
By implementing intelligent automation, the accounts payable process was revolutionized, reducing the time spent on no issues invoices, saving over $18K, and empowering the accounting team to focus on higher-value tasks, driving greater efficiency and financial improvement.
![[EBDevTech] Infographic: Transforming Accounts Payable Through Intelligent Automation [EBDevTech] Infographic: Transforming Accounts Payable Through Intelligent Automation](https://storage.googleapis.com/msgsndr/1ejrCBMoeFVYOpiDE7y3/media/678ae01caccdd123727e6c15.png)