Case Study: UK Asset Company achieves 95% invoice data allocation accuracy with AntWorks CMR+

Top Asset Manager Handles Invoices in Many Languages

A UK asset company faced significant challenges in manually processing over 19,000 annual invoices from more than 750 suppliers, a task complicated by documents in multiple languages. Their previous OCR-based solution was ineffective, prompting them to seek a new provider. They engaged AntWorks to automate their invoice processing for greater accuracy and efficiency using its CMR solution.

AntWorks implemented its CMR+ solution to extract data from 23 distinct points on the invoices. The out-of-the-box system successfully achieved a 95% data allocation accuracy rate, dramatically minimizing the need for manual work. This successful proof-of-value has led the client to plan further assessments of AntWorks' technology for processing complex legal documents.