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
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?
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 comined costs of our software bots and management platform equal £1.05 per invoice compared to the £3.58 cost of manually processing an invoice
ROI achieved in 5 months
This company achieved it's Return on Investment in just 5 months and will achieve 71% annual ROI at the current rate of savings.
70% reduction of employee time spent
With the help of automation, the full-time employee resource required to process their invoices has reduced from the equivalent of 9 full-time employees to 2 full time employees, 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
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