Boosting Invoice Processing Efficiency by 56% with Robocorp
Discover how Robocorp's intelligent automation platform transformed Ramirent's invoice processing and empowered their finance team.
THE CLIENT
About Ramirent
Ramirent, a subsidiary of Loxam, is a leading equipment rental company offering services to construction, consumer, and other industries. With over 3,000 employees and 300 customer centers across 9 countries in Northern and Eastern Europe, Ramirent manages an extensive fleet of equipment, including access equipment, heavy machinery, site modules, safety equipment, electrical and heating systems, and related services.
THE PROBLEM
Slow Processing and Incomplete Automation
Ramirent initially chose a first-generation RPA vendor to automate various activities, including the complex processing of non-purchase order invoices. However, they faced several issues, such as slow processing speeds, high costs, and frequent bot failures due to software updates. Additionally, the lack of detailed logs made it difficult to identify the causes of exceptions.
“Robocorp gave us the tools, speed, and dependability we need to automate our non-P.O. invoices quickly and accurately so our finance team can focus on more strategic work."
CAMILA OHL
HEAD OF RPA AT RAMIRENT
THE SOLUTION
We Transformed Ramirent’s Processes
Seeking a higher-performance RPA solution, Ramirent turned to Robocorp's Python-based open-source framework and parallel processing capabilities. Despite initial staffing challenges, Ramirent's team quickly adapted to Robocorp's platform with the help of its onboarding resources and 24/7 support tools. Robocorp's flexible, durable, and scalable bots accelerated processing speeds, increased automation success rates, and improved log details to pinpoint exception causes.
The Results
By implementing Robocorp's digital workers, Ramirent not only sped up processing times and reduced costs but also improved the quality of their invoice processing, gained better visibility into exceptions, and enabled employees to focus on more strategic tasks.
56%
Faster invoice processing
90%
Automation success rate
Less
Broken bots
Looking Ahead
Ramirent uses several essential bots from their current Gen1 RPA provider. However, after learning about Robocorp's performance and cost advantages, they intend to develop new digital workers using our platform.
Robocorp is ideal for a multi-vendor RPA approach, as our bots enhance and expand the capabilities and worth of previous RPA and technology investments throughout the company. We're excited to keep collaborating with Ramirent and assist them in refining their processes from start to finish.