Use case: Cognitive Enabled Smart Automation to drive automatic invoice processing
QUICKELF SOLUTION
Manual invoice processing is a most distinct financial issue in the case of Banks and other business processes. Non-compliance with budget and approval parameters, fraud, and incorrect budget allocation are major risks that arise from manual error added in the case of conventional methods.
CHALLENGES
SOLUTION
With the amalgamation of Smart Process Automation including Robotic Process Automation (RPA) and Cognitive learning, QuickElf revolutionizes invoice processing which significantly reduces human effort and intervention.
BENEFITS
This solution can revolutionize conventional banking processes and bring about 80% smart process automation to it. Our approach to having Human-in-the-loop helps to attain 99% accuracy in OCR and 70% reduction in FTE.