Real Estate Firm Automates AP Invoices

The Client

This real estate firm is one of the largest, privately-held investors, developers, and managers in the world. With over 60 years of experience, they have over $144 billion assets under management located across 25 countries. The firm wanted to automate AP invoices through robotic process automation (RPA).

CLIENT PROFILE
EMPLOYEES: 4,800+
INDUSTRY: Real Estate / Property Management
HEADQUARTERS: Texas
FOUNDED: 1957
 

The Project Scope

Invoices from several IT vendors were being captured manually into the Nexus AP system. They come throughout the month in different formats, and employees had to constantly monitor and process the invoices. While this is a typical situation for most enterprises, the client knew they needed to implement a solution to automate this process and increase productivity.

Smartbridge has extensive experience in financial automation.

RPA for Accounting & Finance Processes

The Smartbridge Solution

Smartbridge built the automation using Document Understanding and Machine Learning components to extract information from the invoices, process the invoices through an approval workflow and load it in their AP system. By automating the end-to-end process, our client was able to gain efficiency and use the saved time on high value tasks.

The technologies utilized for automating AP invoices:

rpa ui path automation invoices
rpa nexus

Success Through a Modernized Implementation

As this automation solution was recently deployed, we look forward to sharing the results for time saved and impact on the firm as the bot matures.

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