Cutting Costs and Errors: AI-Driven Data Extraction

Cutting Costs and Errors: AI-Driven Data Extraction

Cutting Costs and Errors: AI-Driven Data Extraction

Problem

Problem

Problem

Client Profile: A retail fixture manufacturing company that seeks to improve internal processes at their headquarters by converting hand-written documents into digital copies for reporting and analysis.

Challenge: The company faced inefficiencies due to the manual process of transcribing hand-written notes into a digital format from various documents including invoices, quotes, facility service records, etc. This process was time-consuming and error-prone, leading to increased overhead costs and slowing down operations.

Approach

Approach

Approach

To tackle this challenge, we developed an AI-driven data extraction process that included:

  • Utilizing generative AI to accurately extract and transform data from various hand-written documents.

  • Integrating the extracted data into the company’s existing enterprise resource planning (ERP) software.

  • Enabling users to automatically retrieve necessary values directly from the ERP interface.


Results

Results

Results

In less than 5 weeks, we delivered a comprehensive custom-built solution:

  1. Automated Data Extraction: Generative AI accurately extracts data from invoices, vendor quotes, and other facility service records.

  2. ERP Integration: Seamless integration of the extracted data into the company’s ERP software, allowing for easy retrieval of necessary values.

  3. Efficiency Gains: The solution drastically reduced the manual workload, decreasing overhead costs by 90%.

  4. Employee Redeployment: Freed up 2 employees who spent 10 hours a week combined on manual data entry tasks, allowing them to focus on more engaging and interesting data analysis work.

This AI-driven solution significantly improved operational efficiency and reduced costs for the manufacturing company.

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