US based accounting firm

Client

A  US based accounting firm that offers accounting, bookkeeping and HR services to over 200 clients. They offer comprehensive outsourced solutions for small to mid -size firms.

Challenges

The client’s invoice process was mostly manual and that led to several challenges such as:

• Manual invoice matching led to high processing times and errors
• Frequent duplicate payments and supplier disputes
• Lack of visibility into liabilities

Solution:

Jeeno’s AI and Automation teams worked with the client, analyzed the process and provided a comprehensive automation solution:

• Used AI-based invoice OCR (Optical Character Recognition)
  to digitize paper invoices
• Implemented 3-way matching (PO-Invoice-GRN)
• Built an automated dashboard for real-time tracking
• Standardized vendor communication templates

Outcome:

Jeeno’s solution was able to provide the following benefits to the client:

• Invoice processing time reduced by 60%
• Duplicate payments eliminated completely
• AP accuracy increased to 99.8%