Resources

Approach to start an Utility Invoice Automation (UIA) project

Ensuring stakeholders across the business embrace the concept of invoice automation, and to address any apprehension of automation and its impact on jobs – is fundamental for the success. One of the key benefits is that the automation brings better work and jobs for the staff, and better performance.

The delivery of the MVP may be the first experience of UIA for most people in the organisation. As a result, it’s vital that this step in the process runs as smoothly as possible.

A PoV on Energy and Utilities Sector

The Energy and Utility sector is embracing digital transformation to respond to evolving customer expectations and changing regulatory needs whilst maintaining safe, reliable and affordable services. In the wake of COVID-19, many organisations have taken a resolute and spirited approach.

We believe that successful transformations, especially digital, are business-led and must embrace transforming people and operating models as well as technology. We complement digital technology, data and analytics capabilities with utility business operations knowledge.

Application of IDP in various corporate functions

Intelligent Document Processing (IDP) automates data extraction from complex, unstructured documents, helping enterprises create a new value proposition for their organizations and customers. IDP can be applied to a wide variety of business use cases across all industries where knowledge workers continue to manually process documents.

Until now, only humans could process these kinds of documents, costing companies time and money. Removing manual data processing bottlenecks with IDP, enterprises can drive new, transformative business outcomes.

Needs and Benefits of Utility Invoice Automation

An efficient utility invoice processing system will address the challenges (e.g. costly, error prone, time consuming, non-scalable) associated with manual processing of invoices. Utility invoice process automation will greatly reduces the number of people required to process invoices, thereby reducing the chance for human error. This in turn saves your business time and makes the detailed utility invoice information available for timely payments, decision making and further business analysis.