Reduce operational costs and increase processing efficiency of expense appraisals with Intelligent Process Automation
The problem for finance departments
Our client, one of the largest professional service providers in the world, provides on-site advisory services. Every week, the finance department receives thousands of expense submissions – manually processing so many expenses efficiently and without error requires a large team of experienced appraisers. For example, for German, Switzerland and Austria, an appraisal team of double-digit size works full-time on this task and still there are delays and errors in the process, which not only frustrates employees but also increases compliance risk.
Inspirient’s probabilistic reasoning technology – combining text analysis, business logic, and supervised machine learning – was added as a layer of intelligence on top of Robotic Process Automation (RPA) technology to fully integrate within the expense appraisal process and achieve full end-to-end automation.
Reduce operational costs by at least 70%, increased process accuracy and reduce decisioning time to an instant with Inspirient’s Automated Analytics platform, which can be configured and trained in a matter of hours to perform human-like activities.
The Inspirient Automated Analytics Engine automates the entire data analytics process end-to-end: From the assignment of input data, pattern and outlier detection, automated visualization of patterns, weak points and opportunities to automatic generation of textual explanations and recognition of the underlying relationships and rules. Most other analytics solutions rarely include these textual explanations and observations regarding the underlying data relations, which are both critical to provide a deeper level of analysis and more actionable conclusions.