OMV is a global energy and petrochemical company having operations across Europe, the Middle East, and APAC and running its shared services back office out of different locations globally.
Being an MNC operating in more than 30 countries, OMV faced many challenges related to automating their invoice management process.
The key improvements targeted by the client included:
TCS proposed its TAP™ Accounts Payable solution as the next-generation digital native platform with accounting services to enhance OMV’s invoice processing efficiency.
The project was divided into three phases with the first phase implemented within 8 weeks, helping the client realize faster time-to-value.
The key tenets of the solution included:
TAP™ digitized and transformed invoice data capture, data enrichment, data validation, and exception management with a robust and scalable accounts payable solution.
This end-to-end transformation powered by digital, AI, and cloud helped the company achieve quality, speed, innovation, savings, and sustainability.