Housing Association Case Study

How did a Housing Association successfully automate their Accounts Payable process with NexBotix?

Manual v.s Automated Process

Manual Process

This Housing Association had 4 full-time employees delivering the Accounts Payable process but they were actually performing the number of hours expected of 9 full-time employees across the year. This meant that their team was extremely overstretched with little time to complete any other finance tasks. 

 

Automated Process

We were able to automate 90% of this process using our NexBots, OCR and machine learning 

 

The customer was forecast to save almost 10,000 hours per year by automating this single process within their finance function.

What were the business benefits?

81% reduction in employee time on this process

Automating this process saved this company almost 10,000 hours of employee time per year

65% reduction of handling time per invoice

The time to handle each invoice was reduced from 11 minutes, when delivered by an employee, to 5 minutes when processed by our NexBot.


75% reduction of annual process cost

This company has saved over £200,000 in the first year of implementing automation.

70% reduction of employee time spent

With the help of automation, the full-time employee resource required to processing their invoices has reduced from 9 to 1 full time employee, which means their team of 4 people 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

Our Blog

New to automation? Check out our blog for helpful resources and guides to getting started 

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