Unlocking Working Capital

A US-based energy storage company processes a high volume of vendor invoices through NetSuite, where processing speed and visibility into payables directly shape working capital.

Unlocking Working Capital illustration

CHALLENGE

Highly manual invoice processing was causing severe operational drag and impacting working capital visibility.

OUR SOLUTION

Sumvec implemented the Intelligent Payable Solution with native NetSuite integration to handle unstructured data, policy checks, and routing.

PLATFORM & PRODUCT

PayablesNow — Sumvec's Intelligent Invoice Automation product, built on the Sumvec FinOS platform, with native NetSuite integration for line-item extraction, GL coding, and exception routing.

80% IMPACT-ENHANCEMENT

Automated invoice processing increased from sub-50% to over 90% straight-through processing | 8 wks to go live | 100% extraction accuracy | 2+ FTE redeployed to analysis

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