Invoice Reconciliation
& Automation

Regenerate your workflow by exploring the possibilities of Firemind’s intelligent reconciliation tool which translates all languages, line matches instantly and provides on-the-spot results.

Find out how Firemind provided the Vodafone Group with a fully automated invoice reconciliation process which increased success rates to 95% and achieved average matching times of 3 minutes per invoice.

Client: Global Telco Organisation
Industry: Telcom
Services: AI & Machine Learning

Opportunity

Time-consuming, unproductive and inefficient work practices burdened our clients finance team.

Firemind embarked on a proof of value project with the goal of eradicating repetitive work tasks and transforming their invoicing processing system within their business operational model.

Internal Server Usage

The MBC team were not using the cloud to enable faster data processing and management.

Human Error

The majority of tasks were manual and led by humans, creating an error rate superior to ML.

Slow Process

The matching of correct documents was an extremely slow process, delaying the next stages.

The MBC team were not using the cloud to enable faster data processing and management.

The majority of tasks were manual and led by humans, creating an error rate superior to ML.

The matching of correct documents was an extremely slow process, delaying the next stages.

Solution

Automating your invoice reconciliation workflow through matching document data and deploying an intelligent confidence scoring system.

We built a customisable and automated invoice processing system which overlapped our client’s existing reporting workflow relating to finance and invoices, allowing for a polished and efficient end-to-end view of all the finance information relating to services.

“We have partnered with Firemind on several projects where the use of AWS has been core to the delivery of the solution. The team has always proven to be knowledgeable and adaptable, allowing us to achieve the best possible results in our projects in a timely and cost effective way.”

Jas Moorley Head of VBG COE

AWS

Being AWS Partners, we leverage AWS services for everything from hosting your cloud environment, to storing, computing and transforming your data.

Sagemaker
Textract
Lambda

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