Housing Association Case Study

How did Poplar HARCA, an award-winning Housing and Regeneration Community Association in London, successfully automate their Accounts Payable process with NexBotix? 

Before NexBotix

After NexBotix

NexBotix The Financier Bot Image

Manual data entry

Slow process

Massive processing cost,
up to 2% of invoice cost

Employees unable to focus
on other important tasks

0 %

straight through processing

0

months
to ROI

0 %

reduction in processing
cost per invoice

0 %

reduction of
employee time spent

Before

Manual data entry

Slow process

Massive processing cost,
up to 2% of invoice cost

Employees unable to focus
on other important tasks

NexBotix The Financier Bot Image

After NexBotix

0 %

Return on Investment

0

Reduction in Processing Time

0 %

Time Saved Per Annum

0 %

Straight Through Processin

Poplar HARCA’s Accounts Payable process was taking up significant amounts of time, with manual data entry into multiple systems.

The team were under a lot of pressure to get through the workload and ensure their suppliers received a high quality service. The high manual workload meant that the team had insufficient capacity to complete other important tasks within their remit. 

NexBotix automated 90% of this process.

The NexBotix Intelligent Automation solution was a tremendous help, saving hundreds of hours of invoice processing time, leaving staff time to focus on other key work. And the client is confident that soon enough 90% of all invoice processing will be automated thanks to NexBotix. 

What were the business benefits? 

88% straight through processing. 

Our bots are now processing over 2500 invoices per month, 88% of which require no human intervention, saving hundreds of hours of employee time per month. 

ROI achieved in 5 months.

The company achieved its Return on Investment in just 5 months and will achieve 71% annual ROI at the current rate of savings. 

66% reduction in processing cost per invoice.

The combined costs of our software bots and management platform equates to approximately one third of the cost per invoice, compared to the cost of processing manually. 

78% reduction of employee time spent.

With the help of automation, the full-time employee resources required to process their invoices has reduced significantly, which means the team can now focus on other important finance tasks. 

We’ve had a fantastic experience working with NexBotix . Their customer focus, quality of people and speed of implementation has meant that we’ve delivered the benefits to the business much faster than anticipated. Their Managed Service offering means that all the technology and support is provided for us, without the need for any internal skills in process automation or AI.

Dominic Yandell
Head of Financial Services at HARCA

Ready to automate your Accounts Payable process?

Our team are on hand every step of the way to guide you through the process.

Discovery Workshop

We will host a session with your team to gain a deep understanding of your systems and current process.

Business Case & Commercials

We'll build a clear ROI focussed business case outlining the time and money you will save with our Invoice Processing solution.

Optional Pilot Period

We'll happily build a pilot for you and your team to see how well the solution processes a specified number of invoices.

Managed Service

Our team will design, build and manage your automation and you will be assigned a dedicated Customer Success Manager who will be your main point of contact.