Still today, invoice processing involves a great deal of manual work, which results in elongated processing times and excessive overhead costs. That’s why the Holcim Global Hub Business Services saw a lot of optimization potential in automating these processing tasks.
Together with the Holcim Startup MAQER, the team set up a project in India with the German startup Hypatos, leveraging the startup’s deep learning technology. Hypatos’ AI can process semi-structured vendor invoices with high accuracy enabling significant productivity gains in AP processing. The first project was completed successfully at the end of 2020.