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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.
The key tenets of the TAP Accounts Payable solution include inflow that could accept any invoice type, in any format, or from any geography. Next, invoice data can be digitized using TAP™ embedded intelligent OCR, business rules, and AI-enabled services. Lastly, the post and pay features can be used, comprised of the seamless integration of the data with OMV’s SAP system.
Swipe LeftSwipe RightSuccess through commitment, expertise and partnership.
Mathias Wiesflecker
OMV
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