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?
Manual v.s Automated Process
Manual Process
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.
Automated Process
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?
82% straight through processing
Our bots are now processing over 2500 invoices per month, 82% of which require no human intervention, saving hundreds of hours of employee time per month.
70% 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.
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..
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.
Speak to a member of our team for more information today
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
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