Discover how LatentBridge’s GenAI-powered solution enhanced accessibility and understanding of regulatory compliance policies for a large European financial services firm.

Modernised Accounts Payable function with robotic process automation (RPA) and AI-based solution handling more than 40000 invoices across about 100 merchants A single intelligent automation framework was developed to enable automated extraction of invoice data, verification against purchase orders, journal entries, and communication exceptions with relevant teams.

Digitalised the entire procurement-to-payment cycle leveraging roboticprocess automation and machine learning. The intelligent automation solution seamlessly integrated incoming purchase orders, checked inventory, placed work orders for relevant units, and generated invoices, updating the existing ERP systems as needed. The AI-enabled solution handled unstructured data in varied formats across invoices, rate cards, and product codes, enabling accurate delivery to customers within the committed timelines.

Streamlined and automated the supplier invoicing process enabled on the cloud with fully digitalised, paper-free features that eliminated manually intensive, error-prone data input into ERP systems. The machine-learning-enabled solution extracts data from the invoices, inputs them into the ERP systems, and flags any exceptions.