Predicting Invoice Fallouts for a Multinational Life-sciences Company with ignio

Predicting anomalies and reducing blocked invoices, backlogs and delays

Procuring substantial quantities of raw materials for healthcare and pharmaceutical companies involves a lot of goods being delivered, purchase orders being generated and invoices to be paid. Invoice rejections for any reason and delays in payment have a direct impact on the cost of operations which the enterprise cannot afford.

With ignio Cognitive Procurement, the customer was able to:

  • Predict invoice fallouts
  • Reduce operational cost
  • Improve on-time invoice payment

Predict. Prescribe. Prevent.

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