Case Study
How Marvell Reduced Invoice Processing Time by 92% and Saved Over 2,700 Hours Annually with UiPath Automation
Download Case StudyClient Name: Marvell Semiconductor
Key Technologies/Platforms: Oracle EBS, ServiceNow, Office 365, UiPath, Outlook
Industry: Semiconductor
About the Client
Marvell is a leading semiconductor company that excels in developing and producing semiconductors and related technology. With a strong presence in the United States and India, Marvell has earned the trust of the world's foremost technology companies for over 25 years. Its advanced semiconductor solutions empower seamless data movement, storage, processing, and security, aligning with customers' present demands and future aspirations.
Challenges and Business Requirements
Marvell faced several operational challenges and had clear requirements to improve its finance functions:
- High Volume of Invoices: The AP team, consisting of 15 employees, manually processed 18,000 invoices per year, leading to inefficiencies
- Labor-Intensive AR Management: A team of 5 employees managed 120+ customers, handling payments for 52,265 invoices annually, creating a significant workload
- Onboarding Inefficiencies: The HR team, with 7 employees, struggled with a manual and time-consuming onboarding process for employees and contractors
Marvell required a solution that would:
- Automate the touchless processing of AP invoices, including 3-way and 2-way matching and non-PO invoice handling
- Extract data from both digital and scanned invoices to streamline operations
- Automate AR cash receipt processing and invoice uploads to various customer portals
- Improve HR onboarding efficiency, reducing manual errors and increasing speed
- Provide CFOs and business sponsors with clear visibility into automation efforts and the associated ROI
The Solution
Jade Global addressed these challenges by implementing RPA and intelligent Optical Character Recognition using UiPath’s Machine Learning Document Understanding models. Our solution involved:
- Automating the extraction and entry of invoice data and automating 3-way/2-way matching for accuracy
- Automating cash advice extraction and processing for faster reconciliations
- Enabling touchless AR invoice uploads to customer portals, reducing manual efforts
- Streamlining employee and contractor onboarding to enhance HR efficiency
- Conducting audits and approvals for freight invoices to ensure optimal processing
Business Benefits Achieved
Marvell Semiconductor achieved transformative improvements through intelligent automation services:
- Reduced invoice processing times by 92%, eliminating manual effort and accelerating financial operations
- Cut AR cash receipt processing time by 90%, dropping from 8 hours to just 10 minutes for quicker reconciliations
- Achieved over 80% touchless automation across AP and AR, streamlining workflows and minimizing manual intervention
- Saved more than 2,700 hours annually, allowing staff to focus on higher-value tasks
- Lowered operational costs and reduced errors, enhancing accuracy and efficiency while cutting labor expenses
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