Natixis CIB in New York achieves 90% invoice processing accuracy with Power Platform | Microsoft Customer Stories
Manual invoice processing is a major roadblock to financial agility. This customer story reveals how Natixis Corporate & Investment Banking in New York achieved 90% accuracy in invoice processing by leveraging Microsoft Power Platform. Read how Power Platform empowered finance teams to streamline their workflows while staying compliant. Then connect with Cynoteck technology solutions pvt ltd to explore how your business can do the same.
What challenges did Natixis CIB NY face with invoice processing?
Natixis CIB NY struggled with manual invoice reconciliation, which led to inaccuracies, inefficiencies, and a higher risk of human error. Employees had to filter invoice emails and manually enter data into the purchasing system, resulting in a heavy workload and delays.
How did Power Platform improve invoice processing accuracy?
By implementing Microsoft Power Platform, specifically Power Automate and AI Builder, Natixis CIB NY automated the extraction of invoice data. This approach improved accuracy to 90% and allowed for better visibility and control over the invoicing process.
What benefits did Natixis CIB NY experience after automation?
The automation significantly reduced the manual workload, cutting down the effort of one full-time employee by more than half. It also enabled timely invoice reconciliation and payments, and provided senior management with better visibility into invoice processing, helping them make informed budget decisions.
Natixis CIB in New York achieves 90% invoice processing accuracy with Power Platform | Microsoft Customer Stories
published by Cynoteck technology solutions pvt ltd
Cynoteck is a Microsoft Solutions Partner for Business Applications and Salesforce Consulting Partner with more than 150 employees with Microsoft and Salesforce Certifications.
Cynoteck is a dynamic and professional IT services provider that serves enterprises and individuals, helping them meet the challenges of the global economy.
We offer services in the area of ERP & CRM Consultation and implementation, Application development, Mobile application development, Web development & Offshore Development. Our experienced Project Managers apply a mature development methodology, continuously exceeding our client’s business expectations, and ensuring the success of off-shoring projects. We have expertise ranging from consulting on business and technology to creating innovative technology solutions. Our vision shapes the culture at Cynoteck, which lays a strong emphasis on innovation and thought process.
Sign in with LinkedIn