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 TechMeg 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 TechMeg
TechMeg is a boutique information technology services company located just outside of New York City in Bergen County, NJ. We provide a holistic approach to technology services, enabling organizations to focus on growing their business without the worries of being compliant, having the proper security policies and procedures in place, supporting a network infrastructure, desktop management and backup.
Our team has over 20 years of professional experience in customized application development, desktop and network support.
Being compliant and focused on security in today’s ever changing cyber landscape is extremely vital. We will perform a thorough assessment to find lapse security protocols and procedures, ensure system patches are up to date, provide user training, have a detailed disaster recovery plan, and more.
We believe that a project’s success, more often than not, is determined at its genesis. You can expect a level of professionalism, understanding and thought provoking questions from us to truly and fully understand your business requirements and needs.
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