Customer Quote

RPA has begun to show benefits towards our corporate objectives. Thanks to Thirdware and Automation Anywhere, we have been able to improve performance, increase efficiency and reduce our invoice backlog simultaneously. Our success with RPA to date has given us the confidence to move forward and automate even more processes.

Andy Anderson
CIO, Stant

Customer achievements.

Customer Achievements

80%

Invoice straight-through processing

94%

Targeted supplier invoices processed

0

Data entry errors

Simultaneously improving performance and efficiency while reducing invoice backlog.

Stant's Accounts Payable team was overwhelmed by the invoice-matching process, resulting in reporting delays and supplier payment risks. To address this, Stant implemented an invoice-matching bot, reducing the backlog from 3 weeks to just 4 days. Intelligent automation now handles tedious tasks like invoice matching and data entry, allowing the team to focus on troubleshooting and coordination using metrics generated by the Automation Success Platform. This enhanced ability to analyze and identify issues improves efficiency and supports strategic sourcing. By engaging with Thirdware and implementing the Automation Success Platform, Stant achieved significant results, including 80% straight-through processing, 94% targeted supplier invoices processed, and zero data entry errors.

Processes automated.

  • Invoice Matching
  • Approval Workflow
  • Data Validation
  • Manual Invoice Creation
  • Exception Reporting and Metrics
  • General Ledger Coding

Customer overview.

Stant is a tier-1 automotive supplier of thermal and vapor management parts.

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