SCHWARTZ.AI: Transforming invoice analysis through AI innovation

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Client
Schwartz
Time
2020 – 2021
Services
Business Process Optimization, Corporate Innovation Pilot, AI Development, UX Workshops, Usability Testing
Technologies
AI model, Web platform
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Client

Client is a renowned global player providing legal, tax, audit, management, and IT consulting services. They have a wide client base spread across around 50 countries served by over 5500 employees from 100+ offices.

Client stands, not as a collection of disparate services, but as an integrated network of professionals working together across service lines to achieve client goals. They’re dedicated to comprehensively supporting businesses worldwide, particularly those strongly present among family businesses.

The Challenge

The existing process of booking cost and purchase invoices lacked efficiency, creating bottlenecks in workflow management. The company needed an innovative platform that would speed up and optimize this critical process.

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Execution

We developed an AI invoice analysis prototype, Corporate Innovation Pilot, that optimized the workflow of booking cost and purchase invoices. Facilitation of numerous iterations of UX workshops and usability tests was also added to our roster, leading to the creation of an AI Model and web platform that effectively served it.

The AI model was developed to speed up and significantly increase the efficiency of invoice analysis. UX workshops and usability tests were conducted to ensure the creation of a user-friendly platform that would enable the smooth adoption of the new system by the Client’s team.

Results: The AI-based system transformed the booking process of cost and purchase invoices, reducing the workload and increasing overall productivity. Multiple benefits were realized, ranging from time saved on invoice examination to a reduction in errors and a more streamlined workflow.

Conclusion

This case study highlights our commitment to delivering tailored solutions that not only meet but exceed client expectations. We fuse technical expertise with a deep understanding of our client’s needs to offer innovative solutions that drive efficiency and productivity.

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