Case Study: Data2 streamlines AP invoice processing with KnowledgeLake

Rfid and Barcode Solutions Company Improves AP Workflows with Knowledgelake Ecm Solution

The electronic components manufacturer Data2 faced challenges in integrating disparate applications and consolidating its ERP systems amidst rapid business growth, which included numerous acquisitions. To address these issues and support its corporate strategy of moving to the cloud, the company turned to the vendor KnowledgeLake and its platform for document processing and machine learning.

KnowledgeLake implemented its platform and machine learning capabilities to automate a significant portion of Data2's accounts payable workflow. This solution processes roughly 180,000 invoices annually using machine learning fingerprints, drastically reducing manual effort and improving reporting quality. The results include more efficient processing at two centers with plans to expand, moving the company closer to its goal of straight-through invoice processing.

Data2

Michael Borgna

Chief Financial Officer