Strategy 3 - Case Study
Measured Efficiency
Software+Service
- Robotic Process Automation (RPA)
- Artificial Intelligence (AI)
- Business Process Outsourcing (BPO)
New Capabilities Empower Your Employees
- RPA manages procurement process
- RPA manages 4-way accounting match (order-receipt-invoice-inspection)
- RPA manages payment and GL/CC allocation (touch-free branch accounting)
- RPA automates repetitive tasks
- AI agents manage inventories
- AI agents generate stocking order cues
- AI agents generate requisition cues to each workgroup and employee
- AI monitors product and vendor compliance AI managed business recovery program
- BPO eliminates need for warehouse
- BPO eliminates need for internal distribution
- BPO replaces multiple internal processes dedicated to providing goods and services to your employees as they need them
- BPO Support Desk replaces internal 1st, 2nd and 3rd tier employee support usually fielded by your facilities and ops teams
- BPO replaces many non-banking staff accounting tasks
- BPO allows you to invest in upskilling employees to higher value roles
Results
Increase non-banking finance process standardization from 1% to 80%
Reduce invoice processing time from 15 days to 60 seconds
Improve error-free processing from 30% to 99.9%
Reduce overhead costs by 30%
One Client's Experience
Prior to NaviSource:
$1 billion FI with branches in several cities managed distribution from an internal warehouse. Employees pulled orders daily delivering on company vans. One staff accountant primarily assigned to processing invoices.
After NaviSource:
- Re-Tasked Storage Space To New Data Center
- Re-Tasked Staff Count By 5
- Reduced Van Fleet By 3
$130,000 Payroll Value
$26,000 Fulfillment Savings