Perryman sees major benefits from automated invoice processing
A US titanium manufacturer reached 95% automatic data capture and gained control over both purchase orders and recurring contract invoices.
The Perryman Company manufactures titanium products for industrial companies in the medical, aerospace and construction sectors, headquartered in Houston, Pennsylvania, USA. The company processed around 25,000 supplier invoices annually in the cloud-based accounting system Aptean.
Perryman faced significant challenges with manual invoice data entry, resulting in slow processes, frequent errors and occasional lost invoices. After an initial attempt with a software solution that couldn't handle the complexity, the company instead chose Rillion's platform for automated invoice processing.
With Rillion, all supplier invoices are digitized directly upon receipt and placed in a clear inbox, with a 95% automation rate for data capture. Automatic purchase order matching removed the manual processing of standard invoices, and contract matching automated the handling of recurring invoices such as rent, leasing and subscriptions – with automatic renewal reminders.
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