Stant and Thirdware RPA Case Study

Realizing the value of automating high-effort, error-prone processes.

IT/Finance teams explored options to streamline invoicing and automate. They discovered intelligent automation, which improved accounts payable accuracy and throughput. Stant partnered with Thirdware for a successful automation Proof of Concept. The Automation Success Platform was implemented for labor-intensive processes, resulting in efficient invoice processing and zero errors.

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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

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

Moving confidently ahead with intelligent automation.

Stant aims to automate 80% of invoices from suppliers and is considering automation for six other processes: supply chain tracking, demand forecasting, accounts receivables, employee log management, ERP data validation, and new employee onboarding.

Customer Quote

The business challenges faced by the Stant finance and accounting teams were a perfect fit for Automation Anywhere’s RPA platform. With RPA, we were able to help Stant quickly realize its goals for invoice processing and building more strategic supplier relationships.

Bhavesh Shah
CEO, Thirdware Solution Inc.