Case Study: Bank Avera achieves paperless, automated accounts payable with AlfaPeople and Microsoft Dynamics 365 Finance

Bank Avera cuts invoice processing time by 10x with AlfaPeople

Bank Avera faced the challenge of a paper-based accounts payable process that was time-consuming and prone to errors. Their existing system lacked the digitization and modern capabilities needed for AI-supported automation and analysis. With support from vendor AlfaPeople, the bank sought to implement a scalable, cloud-based ERP solution to meet these goals and regulatory requirements.

AlfaPeople implemented Microsoft Dynamics 365 Finance Premium, which included Invoice Capture to radically simplify invoice processing. This solution automated accounts payable and provided tools for strategic financial planning. The measurable impact was a tenfold reduction in processing effort per invoice. AlfaPeople also developed a custom integration with the bank's Finnova core system, achieving a technological milestone and laying a strategic foundation for future AI-based expansion.

Bank Avera