$2M annual savings by transforming procurement operations with a more efficient Procure-to-Pay process for a Fortune Global 500

Overview

A Fortune Global 500 chemical company faced inefficiencies in procurement due to manual processes, PO delays, and excessive rework. Aligned Automation transformed the Procure-to-Pay process by automating workflows, implementing process mining, and using machine learning for invoice accuracy. The solution led to $2M in annual savings, a 12% increase in buyer efficiency, and enhanced real-time decision-making capabilities.

Real Entire Case Study

Challenges

High manual intervention in procurement processes
Delays in Purchase Order (PO) execution
Excessive rework causing inefficiencies

Value Delivered

RTP metrics: Consolidated strategic and tactical metrics for better visibility and decision-making
Process mining: Automated execution workflows to identify and eliminate bottlenecks
PO automation: Conducted root cause analysis to improve the Auto POs ratio and implemented process improvements
Invoice resolution: Utilized machine learning for Intelligent Character Recognition to improve invoice accuracy

Capabilities

Data & Analytics

Process Transformation

About Client

This global company is one of the largest in the plastics, chemicals, and refining industries. It is publicly traded and features on the Fortune Global 500 list. The company has a presence in over 100 countries and multiple manufacturing sites across continents.

Case studies

Life Sciences & Healthcare

95% Productivity Boost Accelerating Time-to-Market and Driving Seamless Engagement Across Product Lifecycle

Chemicals

175% increase in user adoption with advanced analytics and workflow automation in a proprietary procurement platform

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