Case Study: a Fortune 500 manufacturing and engineering services firm doubles AP–AR processing speed with Altimetrik

a Fortune 500 manufacturing and engineering services firm doubles AP–AR processing speed with Altimetrik

A Fortune 500 manufacturing and engineering services firm faced significant inefficiencies in its accounts payable and receivable processes. Manual invoice creation, inconsistent handling of multiple invoice formats, and a lack of standardization resulted in delays, rework, and limited scalability. To address these challenges, the firm partnered with Altimetrik for a finance process automation and enterprise integration solution.

Altimetrik automated the AP invoice creation and standardized AR processing by introducing an integration layer. Their solution seamlessly integrated with multiple ERPs, used granular business services for scalability, and featured self-learning capabilities to recognize new invoice formats. This resulted in a 100% increase in processing speed and savings of approximately $180,000 in North America within the first year, allowing the firm to recover its software costs within 18 months while also increasing customer satisfaction through accurate invoice delivery.