Case Study: Medtronic achieves 20-minute-to-8-second invoice matching with Neudesic's AI Document Intelligence Platform

Medtronic cuts invoice matching from 20 minutes to 8 seconds with Neudesic

Medtronic, a global healthcare technology company, faced a significant operational challenge with its labor-intensive, manual process of matching invoices, proof of delivery, and purchase orders. This inefficient workflow was draining productivity and diverting talent from more strategic priorities. To address this, Medtronic partnered with vendor Neudesic to implement an AI-powered solution.

Neudesic deployed its Document Intelligence Platform (DIP) Accelerator, a solution built on Microsoft technologies that uses machine learning and generative AI to automate document ingestion and matching. The platform was customized to integrate with Medtronic's workflows and was implemented in just four weeks. The results were transformative: processing time per invoice was slashed from 20 minutes to just 8 seconds, with over 99% accuracy. This dramatic efficiency gain minimized errors, improved free cash flow, and freed Medtronic's staff to focus on higher-value strategic work.

Medtronic