How did Poplar HARCA, an award-winning Housing and Regeneration Community Association in London, successfully automate their Accounts Payable process with NexBotix?
How did Poplar HARCA, an award-winning Housing and Regeneration Community Association in London, successfully automate their Accounts Payable process with NexBotix?
Manual data entry
Slow process
Massive processing cost,
up to 2% of invoice cost
Employees unable to focus
on other important tasks
straight through processing
months
to ROI
reduction in processing
cost per invoice
reduction of
employee time spent
Manual data entry
Slow process
Massive processing cost,
up to 2% of invoice cost
Employees unable to focus
on other important tasks
Return on Investment
Reduction in Processing Time
Time Saved Per Annum
Straight Through Processin
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.
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.
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.
Our team are on hand every step of the way to guide you through the process.
We will host a session with your team to gain a deep understanding of your systems and current process.
We'll build a clear ROI focussed business case outlining the time and money you will save with our Invoice Processing solution.
We'll happily build a pilot for you and your team to see how well the solution processes a specified number of invoices.
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.
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