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Healthcare provider reduces invoice processing costs by 91% with Doc AI

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CLIENT Leading Healthcare Provider

INDUSTRY Healthcare / Medical Networks

BUSINESS SIZE Large Enterprise (High-Volume Accounts Payable)

SOLUTIONS Accounts Payable Automation powered by Doc AI

 

The Client

A private hospital operator and healthcare provider

managing multiple care facilities across their network.

The Challenges

The client’s accounts payable team faced a series of time-consuming manual processes

that were hampering productivity and efficiency. For example, team members were spending considerable time sifting through shared email inboxes to locate supplier invoices. Once found, each invoice required careful inspection to ensure compliance with the company’s business rules. This often led to follow-up queries with suppliers, further extending processing times.

Additionally, the team was responsible for manually inputting data from correct invoices into four separate ERP systems. This multi-step, labour-intensive process was not only time-consuming but prone to human error.

Recognising these inefficiencies, the clients sought out a comprehensive solution. They needed a system that could streamline the entire accounts payable process, automatically identify and reject non-compliant invoices and eliminate the need for manual data entry across their various ERP systems.

The Solution

Innovior developed a cutting-edge solution, nicknamed Doc AI

that leveraged the latest in artificial intelligence (AI) and automation technologies. The approach involved a combination of robotic process automation, Azure Document Intelligence and Azure Open AI.

This integrated system was designed to handle the client’s substantial invoice volume, processing over 100,000 invoices annually from 100's of vendors.

 

The combination of Computer Vision and Generative AI technologies enabled a high zero-touch throughput of approximately 90% - previous-generation technologies typically achieved only 60% to 70% automation rates.

To replace the email-based workflow, Innovior implemented a cloud-based portal. This new system provided the accounts payable team with a streamlined work queue for managing exceptions, making manual edits when necessary and efficiently rejecting non-compliant invoices back to suppliers.

The Results

The implementation of Innovior’s Doc AI solution yielded the following results

across multiple facets of the client’s accounts payable operations:

81%

improvement in invoice processing times

30%

reduction in time spent responding to email queries

91%

reduction in invoice processing costs

12%

reduction in late payments to suppliers.