Situation
Xenith automated the invoice ingestion process for property developer Bidwells and seamlessly integrated our tool with the PropMan ERP system.
A leading property consultant managed an extensive portfolio of properties. They were limiting their ability to scale growth due to manually managing their invoices.
Accounts Payable, specifically invoice processing, were required to sort, organise and streamline invoices, often re-entering data manually.
The Solution
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Added a designated scanner for hard copy/paper input
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Automated all incoming invoices (now digital); Prepared, sorted and indexed and carried out OCR and data extraction to validate the vendor + payment details
Validated invoices start the approval process; Automated distribution to the business owner & Audit trail and alert reminders throughout
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Reduced inefficient manual procedures by 80%; Staff worked within a single AP system, and not switching between systems
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Increased accuracy
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Eliminated human errors
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Accruals and cash flow visible on dashboards
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Re-deployed AP resources to more value-add tasks
