Financial – Accounting
Number of Employees – 100-150
The business challenge
The accounting firm was wasting the time of skilled resources by manually capturing and transferring tax return records from cloud-based tax and accounting solution CCH Axcess to SharePoint Online. The task took between 40 to 50 hours per month to complete and cost approximately R32,000 – R48,000 per month
Netsurit designed, built, and implemented an artificially intelligent supplier invoice capturing system using Microsoft Power Automate, AI and optical character recognition (OCR). The workflow captures the invoice data from the supplier and automatically maps the fields and transfers data to the accounts payable system. All the tools leveraged were readily available within the client’s Microsoft 365 subscription and Azure.
What was the result?
With workflow automation, employees no longer have to perform monotonous tasks, like data entry and can instead focus on innovative projects that help the company grow.
The accounting firm is saving 40 to 50 work hours or R32,000 to R48,000 per month (or R380,000 – R570,000 annually) and has the ability to reallocate the human resources to areas that would better utilize their individual skills.