Straight-Through Cash Posting
FTEs were reallocated to other critical tasks saving $250k annually
Elimination of LockBox Keying-in Fee
Some of the key things we wanted to improve were reducing the manual keying that my team had to apply to the policy invoice level. We wanted a system that can do that for us and help us reduce the number of customer complaints, delays, errors and internal meetings.
Vendor Performance Manager
Zurich, a leading Swiss insurer, leveraged AI-based A/R automation to realize 85% straight-through cash posting and $250K in savings
$47.18 billion (2018)