V1 Limited
33 Case Studies
A V1 Limited Case Study
Cranfield University, a UK postgraduate research-intensive institution, was manually processing 80,000 purchase invoices a year with a seven-person finance team, creating a major time drain and risk of errors—made worse by staff absences and reduced hours. To solve this, Cranfield selected V1 Limited’s intelligent document capture solution to integrate with its Agresso Business World finance system.
V1 Limited implemented an OCR-based capture and verification system that extracts invoice data from 15,000 suppliers and uploads it into Agresso, flagging discrepancies for review. The solution automatically captures up to 70% of invoice data, reduced manual data entry by up to 70%, and delivers around £25,000 in annual savings, allowing the finance team to focus on higher-value tasks.
Ian Sibbald
Director of Finance