Jiffy
Case Studies
Intelligent Invoice Processing for a Top Automaker
Overview
Intelligent Invoice Processing for a Top AutomakerJiffy |
Analytics & Modeling - Machine Learning Analytics & Modeling - Robotic Process Automation (RPA) | |
Education Finance & Insurance | |
Maintenance | |
Leasing Finance Automation Virtual Training | |
System Integration Training | |
Operational Impact
The implementation of JIFFY.ai's AI-based Invoice Processing HyperApp resulted in improved efficiency levels and a significant reduction in errors. This allowed employees to shift from recurring manual tasks to focusing on more productive business initiatives. The solution also resulted in a better work-life balance for employees as shift-based work was reduced. The solution exceeded the customer's defined goals by delivering the highest accuracy rates and percentage of process automation and straight-through processing. The solution was able to handle the complexity of the customer's invoice processing needs, including the handling of varying invoice formats and business rules specific to different supplier types. | |
Quantitative Benefit
Achieved 85% straight through processing over a 12-week period | |
Handled a volume of 150,000 invoices per month for 5,000 suppliers | |
Reduced invoice processing time from a day to 3 minutes | |