Case Study: Mondelez International achieves autonomous freight invoice reconciliation with Nanonets

Mondelez reduces freight invoice processing time 93% with Nanonets

Mondelez International, a global snacking company with brands like Oreo and Cadbury, faced a significant challenge in its logistics finance operations. Their teams were manually validating a high volume of freight invoices against complex vendor rate cards, a tedious process prone to human error that led to overpayments. To address this inefficiency, Mondelez partnered with the vendor Nanonets to automate the rate card reconciliation process.

Nanonets implemented an autonomous AI agent that fully automated the validation, reconciliation, and discrepancy flagging for freight invoices. The solution replaced the manual workflow, leading to substantial improvements for Mondelez. The results included over $3 million in annual savings, a 93% reduction in processing time, and a 10-out-of-10 Net Promoter Score, demonstrating the significant impact of the Nanonets platform.

Mondelez International