Case Study: Hyperautomation for Sustainable Operations: Saving 75% of Processing Time for a Global Oil & Gas Company with RPA & IDP/ OCR
With sustainability high on the corporate agenda, utilizing technology to minimize environmental impacts has become a popular strategy for global businesses. Determined to limit their energy consumption in day-to-day business, our client, a global oil & gas company headquartered in the United Arab Emirates, has partnered with FPT Software to hyperautomate their time-consuming, labor-intensive invoice validation process. Working with hundreds of partners, the company faced the challenge of processing as many as 10,000 invoices annually that come in different formats and templates with 25 various data fields, making the process of collecting, extracting, and matching data a troublesome task. Given the complexity, FPT Software has deployed top-notch technology such as Robotic Process Automation (RPA) and Intelligent Document Processing (IDP) for enhanced accuracy and helped the client achieve a whopping 75% reduction in processing time.