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