DHL Supply Chain uses AI-powered intelligent document recognition for invoice processing in Oracle Fusion Cloud ERP
DHL Supply Chain consolidated five ERP systems into one using Oracle Fusion Cloud ERP and adopted Oracle's AI-powered intelligent document recognition to process over 3 million invoices a year with less manual work and higher accuracy, freeing the finance team to focus on higher-value activities.
Overview
DHL Supply Chain consolidated five ERP systems into one using Oracle Fusion Cloud ERP and adopted Oracle's AI-powered intelligent document recognition to process over 3 million invoices a year with less manual work and higher accuracy, freeing the finance team to focus on higher-value activities.
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Inspect the highlighted sourceThe challenge
DHL Supply Chain was using five ERP systems, with another 30-some add-on applications supporting finance functions; five ERPs meant regional accounting hubs used different master data models and charts of accounts, so any change in business strategy or regulatory requirements took too long to implement.
The solution
DHL Supply Chain moved its global finance organization onto Oracle Fusion Cloud ERP with a single platform, data model and chart of accounts, and now taps Oracle's AI-powered intelligent document recognition capabilities to get invoices into the ERP system with less manual work and higher accuracy.
Reported business value
The move cut supporting finance applications by 70%, let the team implement business and regulatory changes faster, and DHL Supply Chain now handles well over 3 million invoices a year with intelligent document recognition, helping the finance community focus more on higher-value activities rather than processing invoices.
Sources
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