Automation of Accounts Payable Matching Process for Fortune 500 Petroleum Services Provider

Client

The client is a US-based Fortune 500 company for midstream petroleum services.

Challenge

• To reduce manual intervention and reduce the errors and reworks.
• To build agility in the process of Accounts Payable Matching.

LTM Solution

LTM engaged with the client and completed the solution implementation within dedicated timelines. The BOT were designed and implemented to: 

• Add the invoice details into QLM.  Match the tickets and payable amounts.
• Create the purchase statement and send to the AP team.
• Add additional unstructured vendors to the list.

Business Benefits

• 20% reduction in average handling time
• 50% reduction in FTE
• 90% increased capacity
• Achieved error-free outcomes