How Siemens Increased Automation by up to 80%

Learn how Siemens implemented capture technology for incoming invoices and integrated with more than 50 instances of SAP. In some areas they have improved automation by 80%

In this webinar we will be hearing from Siemens, the largest industrial manufacturing company in Europe, that processes 3.5 million invoices in more than 20 different languages. Prior to automation, they had a complex landscape of OCR solutions and too many human touch points.

In 2013, they implemented capture technology for incoming invoices and integrated with more than 50 instances of SAP. Across shared services they increased automation by 30 percent, but in some instances, they’ve reached up to 80 percent.

We will explore how they:

- Identified and implemented technology to read documents like a human would
- Achieved hands-free invoice classification, header and line-item field data extraction and approval routing.
- Extract 51 data fields from each invoice, 90% of which without manual intervention.
- Leverage the new-found visibility to better understand and improve their service
 
While OCR is often associated with simple data extraction, Siemens have leveraged Hyland's intelligent platform that learns and captures data from complex documents, validates it and integrates with other systems all while providing insight into processes they simply never had before.

 Looking to improve your invoice processing? Download the presentation below: