Case Study: Lattice Semiconductor achieves 90% faster invoice processing with Jade Global intelligent automation

Lattice Semiconductor cuts invoice processing time by 90% with Jade Global

Lattice Semiconductor, a leading manufacturer of field-programmable gate arrays, faced significant challenges due to manual accounts payable and receivable processes. Manually handling 35,000 invoices annually and managing over 800 vendors created operational bottlenecks, high costs, and hindered cash flow. To overcome this, Lattice partnered with Jade Global for an intelligent automation solution.

Jade Global implemented a solution utilizing RPA, OCR, and machine learning to automate invoice data extraction and entry into Oracle EBS. This resulted in a 90% reduction in invoice processing cycle time, from 20 minutes to just 2 minutes, with 95% of invoices processed by bots. The automation delivered substantial savings of approximately $120,000 and enabled 24/7 processing for Lattice Semiconductor.

Lattice Semiconductor