Case Study: a North American midstream energy company unlocks $50M+ in working capital with USEReady's AI-powered invoice processing

North American Midstream Energy Company unlocks $50M+ in working capital with USEReady

A North American midstream energy company was struggling with its traditional OCR-based accounts payable process, which could not handle the over 360,000 diverse-format invoices it received annually. This resulted in over $72M in delayed payments, strained vendor relationships, and month-end closings stretching beyond nine days. To address this, the company engaged USEReady for its AI-powered invoice processing solution.

USEReady implemented an AI solution built on Document AI and large language models (LLMs) to intelligently extract data from any invoice format. This eliminated the need for manual intervention and template maintenance. The results were transformative, freeing up over $50M in working capital and reducing the monthly close cycle by 1.5 days. USEReady's solution enabled the company to process all invoices efficiently and gain greater financial agility.