CASE STUDY
Enhancing Contract Validation Process with Risk Compliance Automation for a Leading Manufacturer
iLink Digital empowered the client to overcome the risk and challenges of manual intervention in the contract validation process and deal closure by implementing risk compliance automation. From hedging to financial performance reporting, our system significantly enhances accuracy by minimizing human errors and inconsistencies while ensuring timely processing and drastically reducing the error rate.
Industry
Manufacturing
Company size
10K+ Employees
Headquarters
Stockholm, Sweden
About Client
Our client is a world-leading manufacturer of air compressors, committed to providing customers with reliable and energy-efficient solutions focusing on sustainable development and growth. They wanted to automate the contract validation process of their CRM with greater accuracy.
Challenge
- ● Lack of automation caused inaccuracies in various critical workflows ranging from hedging to financial performance reporting.
- ● Manual data extraction became challenging with a high volume of PDF documents received daily.
- ● Increased potential for discrepancies between contract attributes on customer-signed papers and those in the Risk and CRM systems.
- ● Higher risk of customer complaints arising from inaccuracies in contract handling and processing.
Solution
- ● Strategically implemented risk compliance automation to streamline and optimize validation workflows such as market enrollments, load forecasting, commission payments, financial and performance reporting.
- ● Integrated automated bots to identify accurate company codes through unique identifiers.
- ● Streamlined efficient data extraction process from email bodies and PDF attachments through integration of UiPath automation.
- ● Successfully captured 15+ entries from various company PDF formats by utilizing 8 ABBY templates.
Business Impact
Reduced 90% of Manual Efforts
Increased ROI over $100,000
Reduced 0% Error Rate
Ensuring Timely Processing
Compliance with Deadlines and 0% missed deadlines
