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 inWorks LLC 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 inWorks LLC
inWorks LLC provides cloud infrastructure, technology support, equipment, communications, apps, and platforms that make your business just work.
We've thought this through so you can take advantage of best practices and our experience to get a complete technology foundation to run your business now and in the future.
- Company communications with modern Intranet and Learning platforms,
- Intranet and Training Valet services to keep your internal communications focused and timely,
- Curated equipment selections for reliable and cost-effective laptops, desktops, networks, and printers
- Ongoing support and services to help you stay productive and secure anywhere,
- Always-modern datacenter with Microsoft Office 365 and Azure
- App development and customization to meet unique needs of your business and operations
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