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BPO and Shared Services | Accounts Payable Automation

Faster, Streamlined, Automated Invoice Processing with Engeneum and ABBYY

BPO and Shared Services | Accounts Payable Automation

Customer Overview

Name	Craig International
Headquarters	Aberdeen, Scotland
Industry	Shared Services
Web	craig-international.com

Partner Overview

Name	Engeneum Limited
Headquarters	The Blade, Abbey Square, Reading, RG1 3BE
Industry	Transportation & Logistics
Web	www.engeneum.com

Leveraging ABBYY and Engeneum’s solution, Craig International significantly improved efficiency in its accounts payable processes at a time when resilience mattered most—the COVID pandemic.

Challenge

Global supplier of procurement services needed to automate data capture, validation, and verification of supplier invoices.

Solution

Engeneum Invoice Processing solution leveraging ABBYY’s intelligent document processing technology.

Results

Significantly reduced invoice processing errors and improved efficiency in accounts payable processing.

Challenge

Craig International provides a complete procurement trading house solution to the oil and gas industry. It needed to deploy a consistent data capture, validation, and verification process for all supplier invoices in its worldwide operations.
Invoices were being manually processed locally in nine finance locations, creating processing delays, inconsistent rules, and input errors.

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Solution

The Engeneum Invoice Processing solution utilizing ABBYY intelligent document processing (IDP) was deployed globally, supporting multiple currencies and languages.
Over 100 users now begin invoice processing with ABBYY software to capture the header and line level details. Invoices are then checked for validity, and supplier and purchase order information are verified.
The invoice and the data are then loaded into the Engeneum solution for query processing and approval, and ultimately archiving for record purposes