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    • TCS Tap™
    • Case Study

    OMV transforms invoice processing with TAP™ Accounts Payable

    Share OMV Adopts Accounts Payable Automation for Better Invoice Processing
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    Products and platforms

    TCS TAP™ This will open an overlay

    TAP™: A Cloud-based AI-powered Source-to-Pay Platform

    TAP™ offers comprehensive support for your digital procurement processes, enhancing sourcing, contract management, purchasing, and supplier hub activities.
    Learn More
     about TAP™: A Cloud-based AI-powered Source-to-Pay Platform
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    Learn how generative AI-powered chatbots can handle complex queries, anticipate needs and drive efficiency, agility, and competitiveness in procurement.
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    Industry

    Energy, Resources & Utilities This will open an overlay

    Rebalance the energy equation

    We work with energy, resources, and utility businesses to create a smart and sustainable future.
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    Case Studies
    16 Oct 2024

    In this article

    Challenge inpage
    Solution inpage
    Benefits inpage
    Related reading inpage
    Challenge inpage
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    Challenge Solution Benefits Related reading

    Challenge

    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:

    • Automation increase
    • Full coverage of complex, country specific business logic needs for invoice processing
    • High invoice status visibility
    • Automatic detection of duplicates and/or anomalies in invoices

    Solution

    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:

    • Digitization of invoice data using TAP™ embedded intelligent OCR
    • AI-based data model to patternize over 600 variations in business logic
    • AI-based near-duplicate checks to protect against potential duplicate payments
    • Role-based dashboards and strong reporting mechanism to track end-to-end accuracy and invoice traceability
    • Seamless integration with OMV’s SAP system

    Benefits

    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.

    TAP ™ Accounts Payable solution for OMVs invoice processing challenge.

    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.

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    Success through commitment, expertise and partnership.

    Mathias Wiesflecker

    OMV

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