Case Study: Climatec achieves 99.5% invoice extraction accuracy with Kanverse.ai

Climatec - Customer Case Study

Climatec, a leading building technologies and energy solutions provider, was processing more than 24,000 invoices a year from 800+ vendors with a manual AP process in COINS ERP. The team also struggled with low OCR accuracy, especially for scanned, multi-invoice, and multipage documents, which made reconciliation slow, repetitive, and time-consuming. To address this, Climatec turned to Kanverse.ai and its Kanverse AP Invoice Automation product.

With Kanverse.ai, Climatec automated invoice capture, validation, matching, and ERP posting without custom code, using AI-based extraction and business rules to handle 2-way and 3-way matching. The solution delivered 99.5% extraction accuracy, cut invoice processing time from 20 minutes to 2 minutes, reduced operational costs by 80%, automated 95% of manual work, enabled 24x7 processing, and went live in just one month.

Climatec