Testing testing

When booking off-system is automated, you can achieve…

a substantial increase in time back to the business

min 50% reduction in time to process bookings

all systems aligned and in-sync

More benefits

  • Real-time monitoring

  • Notifications

  • Rebooking if required

  • Inventory management

  • Reporting and analytics

A challenge 

A notable challenge arises when document matching is not used. When suppliers send invoices and tickets via email, these documents are integrated into the process, which involves a series of time-consuming manual steps such as selecting the correct email, downloading the PDF, accessing internal systems, extracting relevant data, manually matching customer information, and verifying accuracy. After this intricate manual matching, the data must be loaded into the final system for transaction processing. The absence of an efficient document matching system can result in errors, delays, and inefficiencies in managing critical financial data.

A true business case

Out of a total of 9,648 documents, 0.05% or 5% are found to have errors due to not being checked. This translates to 48 invoices with errors, each resulting in an average revenue loss of £100 per document. Consequently, the annual revenue loss attributed to these unchecked documents amounts to £4,824 for the 0.05% error rate and £48,200 for the 5% error rate, underscoring the substantial financial impact of document errors that could have been prevented through document matching.

Automation

RPA (Robotic Process Automation) solutions to manage the complexity of your business, such as document matching.

Data

Get your data in check through data strategy, data warehouse and data validation.

AI

From MI reporting to machine learning and AI solutions - this is where your automation and data solutions become intelligent.