Case Study: Large Manufacturing Company achieves 4,000 hours saved annually in invoice processing with AntWorks Cognitive Machine Reading (CMR)

With CMR this customer experienced a 79% accuracy rate of conversion and saved over 4,000 hours annually of overall invoice processing time

Large Manufacturing Company, a designer and manufacturer of digital and mixed‑signal integrated circuits, faced a flood of supplier invoices in hundreds or thousands of formats that their existing OCR could not reliably process. Manual extraction and entry into their Oracle ERP was slow, error‑prone and inefficient, so they engaged AntWorks to deploy Cognitive Machine Reading (CMR) to address the variability and scale of invoice processing.

AntWorks implemented CMR to pick up invoices from a shared folder, automatically classify and extract key fields, apply business rules and route exceptions to a human‑in‑the‑loop for validation. The solution delivered a 79% extraction accuracy from day one, automated about 80% of manual processes, reduced overall invoice processing by over 4,000 hours per year, and was implemented 4x faster than traditional intelligent OCR — significantly boosting processing efficiency and reducing payment errors.