Case Study: Ascend Properties achieves 80% invoice processing cost savings with Nanonets

Ascend Properties automates 400 invoices a day and cuts processing time 97% with Nanonets

Ascend Properties, a UK-based property management company managing over 10,000 properties, faced a critical bottleneck in processing 400 daily maintenance invoices due to its rapid 50% annual growth. Manually handling this volume required five full-time employees and six hours of work per day, creating an unsustainable cost and operational burden. To scale efficiently, they partnered with Nanonets for invoice automation.

Nanonets implemented an autonomous AI agent to automate their entire invoice processing workflow. The solution automatically ingests invoices from emails, extracts data, validates vendors against an SQL database, and uploads records, all without manual intervention. This resulted in a dramatic reduction of daily processing time from six hours to just ten minutes, achieved 80% cost savings, and eliminated the need to hire four additional full-time staff, allowing Ascend Properties to scale its operations effectively.

Ascend Properties