Problem statement:

Shipping company that owns a large fleet of rail cars, with around 50k Individual rail car movements per year, which result in a large number of invoices with different formats to be matched to the bill of lading and approved for payment. 

Due to volume ,complexity and the variety of formats, the company are managing an average of 3500 outstanding invoices, and are unable to meet some of their short payment terms. therefore, averages $6m in payment delays, accruing approx. $800k in interest and late fees. The business is losing over $1.7m per year. 

Benefit/Result:

Streamlining this process helped them to avoid long outstanding invoices, potentially reducing the amount of interest payments by 2/3? with an ROI of 8 months?

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