1 minute read

Process Improvement Team

Lana and Kamar delivered a Vendor Invoice Automation solution using Microsoft Technology. Their development of this solution vs. a 3rd party vendor or application resulted in a cost avoidance of $140,000 to the company. The system launched March 10th. They created a 2nd instance of the solution, allowing the AP team to process twice the number of invoices per hour, compared with the capability at launch.

Prior to the implementation of the Vendor Invoice Automation solution, the AP Team had a backlog of 600 invoices. The backlog has been eliminated.

To date, 2,000 invoices have been processed through the automation system. The anticipated success rate of 75% for automated invoice processing has been surpassed, and currently stands at 95% of all invoices received. Great work, Lana and Kamar!

This article is from: