Lightform

AP Robot

The problem

Lightform's processing of customer purchase orders created a bottleneck in their daily workflow; it took employees half of their work day to enter the high volume of invoices received. Additionally, with the volume of documents flowing through Lightform's hand's daily, there was a large margin of error. The validation of each entry within their ERP, Netsuite, took valuable time, energy, and man power.

As a result, Lightform began to look at automating their accounts payable process. They understood that the time saved would position them to grow and become industry leaders.

The solution

After exploring automation options, Emma was the obvious choice for Light form. Emma offered a specific NetSuite Accounts Payable bot that would completely automate the process of entering individual invoices into NetSuite. Emma's AP bot could easily read, enter, and process invoices at lightning speed.

The Emma team worked closely with Light form to develop custom parsers to read invoices that Light form receives in high volumes. These custom parsers read invoices accurately 100% of the time and require little to no action from Light form employees. In addition to the templated invoices, the Bot can also handle generic invoices with an accuracy of 80-85%.

The results

Lightform immediately saw benefits from completely automating their accounts payable process. Instead of spending half a day in AP, the Lightform accountant team can now focus on analytical activities

With Emma's Bot, Lightform saved time on data entry, stayed compliant with their vendors, and gained visibility and transparency into their accounts payable process. In addition, As the company grows they don't have to hire new people in accounting-the Bot does the work for them.

Now that Lightform has successfully incorporated one of Emma's bots into their work flow, they are considering automating the other repetitive accounting tasks that take valuable time.

The benefits

  • 87% of the inbound invoices are fully handled by the robot
  • Robots read templates at 100% accuracy and Non-templated invoices at 94% accuracy
  • Human approval only required based on rules provided
  • $6.5K/month of hard savings

Company Spotlight

Lightform immediately saw benefits from completely automating their accounts payable process. Instead of spending half a day in AP, the Lightform accountant team can now focus on analytical activities

With Emma's Bot, Lightform saved time on data entry, stayed compliant with their vendors, and gained visibility and transparency into their accounts payable process. In addition, As the company grows they don't have to hire new people in accounting-the Bot does the work for them.

Now that Lightform has successfully incorporated one of Emma's bots into their work flow, they are considering automating the other repetitive accounting tasks that take valuable time.

We are a department of two people and the workload continues to increase. Using the robot, we can work normal hours.

CFO
,
Lightform