Case Study: Lattice Semiconductor achieves 99.5% invoice extraction accuracy and faster AP processing with Kanverse.ai

Lattice Semiconductor - Customer Case Study

Lattice Semiconductor, a semiconductor company based in Hillsboro, Oregon, was processing about 35,000 invoices a year from more than 900 vendors and struggling with long processing cycle times, manual reconciliation, errors, and repetitive work. It turned to Kanverse.ai’s Intelligent Document Processing platform, integrated with UiPath, to improve accounts payable efficiency and keep supply chain operations running smoothly.

Kanverse.ai implemented a touchless invoice automation workflow that handled invoice ingestion, extraction, validation, matching, and publishing to the ERP system, including 2-way and 3-way matching with business rule checks. The solution achieved 99.5% extraction accuracy, reduced invoice processing time by 90% from 20 minutes to 2 minutes, automated 95% of manual activities, enabled 24x7 processing, and delivered $120,000 in savings.

Lattice Semiconductor