Petrobras | Automation Anywhere

Harnessing generative AI for tax efficiency Petrobras's groundbreaking achievement.

Petrobras, actively seeking applications for generative AI and automation, identified a promising opportunity within its tax department. The company inputted 150 pages of intricate Brazilian tax regulations and three months' worth of tax data into the new model. In just three weeks, the results were astonishing—Petrobras uncovered $120 million in savings. Furthermore, the department accomplished the unprecedented feat of filing taxes within three days, marking the first time in 15 years that it avoided working during a tax season weekend.

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Customer Quote

We saved $120 million in just three weeks with Automation Anywhere's generative AI-powered solutions. This is just the beginning.

Carlos Barreto
CIO, Petrobras

Customer achievements.

Customer Achievements

$1B+

savings projected (by year-end)

$120M

saved from automated operations

40%

increase in efficiency

Unifying vision and technology Petrobras's approach to AI and automation across departments.

Petrobras welcomed a new CIO, embracing the fresh perspective that accompanied the leadership change. The new CIO, an Intelligent Automation enthusiast and avid AI user, identified evident disparities in the deployment of advanced automation and generative AI technologies across departments. While the operations department fully embraced automation and generative AI, the corporate departments hesitated.

Seeking opportunities to expand these technologies across HR, finance, procurement, and tax departments, Petrobras recognized the Tax department as a prime use case candidate, considering its annual payment of $54 billion. Acknowledging the struggle to adhere to the 150 pages of tax rules and regulations, the tax department became a focal point for automation and generative AI integration.

Processes automated.

Operational procedures
Determining the taxable base (based on transactions, freight, and misc. charges)
Calculating tax incentives and exemptions per region and sector

Calculating ICMS tax rates per Brazilian state
Determining tax responsibilities for interstate transactions
Filing ICMS, IPI, ISS, COFINS, PIS taxes

From tax optimization to business revolution Petrobras's journey with AI.

Petrobras knew the Intelligent Automation use case for tax operations was only the beginning. With the ability to create automations in weeks rather than months by working side-by-side with the AI-powered digital assistant, Automation Co-Pilot, the company is delighted to deliver high-impact business solutions at the speed of customer expectations. The company plans to harness this game-changing capability in its HR functions, additional tax filings, procurement processes, and finance functions with the anticipation of over $1 billion in savings by year’s end.

Customer Quote

We filed our taxes in three days. For the first time in 15 years, we didn't have to work over the weekend to file taxes.

Victor Pace
General Manager of Taxes & Government Participations, Petrobras

Customer overview.

Petrobras is a technology-forward South American energy company with 45,000+ employees and 70 years of experience in ultra-deepwater oil and gas exploration.