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?
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
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