Use Case: Vendor Onboarding
Function: Finance
Challenges:
- Screening of suppliers including factors like price lists, value for money, and service, is time-consuming
- It consumes a big chunk of time and is prone to errors
- Storing and updating supplier details, primary contacts, licenses, and documentation is cumbersome
Solution:
- Kore.ai NLP-powered virtual assistants can automate all the mundane and monotonous aspects of the vendor screening process
- Pulling supplier information, making changes to the existing supplier details is quick and allows employees to focus on higher-value tasks
Benefits:
- A 90% increase in accuracy can be achieved by eliminating the inefficiencies and complexities inherent in traditional supplier onboarding processes
System Integration: SAP, Oracle, Zoho, and other popular tools