Global Logistics Company Turns Complexity into Simplicity with ABBYY AP Automation

Vinmar Group is a global distribution and logistics company of plastics and chemicals that support the world’s leading producers. It maintains relationships with many suppliers for its best-in-class products, making Accounts Payable a very complex business process within the enterprise. But with the help of ABBYY, Vinmar was able to automate, streamline, and simplify its invoice processes end to end.

The logistics landscape of Vinmar Group, a company dealing with a large volume of suppliers, was anything but simple. But Akash Gandhi, Head of Automation at Vinmar Group, decided to face the challenge of simplifying its intricate accounts payable (AP) processes head on.

With ABBYY’s renowned AP automation solution, Gandhi embarked on a journey to minimize the complexity of these processes by automating key components of operations. His primary goal for the project was clear: alleviate the manual load involved in handling huge volumes of invoices by transforming these documents into actionable data automatically.

Positive results started arriving quickly. The setup process proved to be exceptionally smooth, meeting all of Vinmar’s expectations and underlining ABBYY’s reputation for reliability and accuracy.

With ABBYY accounts payable automation, Vinmar can rest assured that data gets extracted from invoices accurately, and therefore gets processed correctly.

“The solution’s distributed environment provides a stable and steady OCR environment setup. It is a useful product to start the initial setup of the OCR engine in an organization,” said Akash Gandhi, Head of Automation Group. “With ABBYY in place, 35% of our total vendor invoices get posted automatically, without a need for audit.”

Gandhi emphasizes the positive impact that ABBYY AP automation has had on his team and their customers: automated invoice processing now guarantees accurate data extraction and correct processing from start to finish. This transformation not only heightened operational efficiency but also reinforced Vinmar as an innovator in its sector.

The return on investment (ROI) for employing ABBYY’s solution has been notable. With 35% of Vinmar’s vendor invoices now being processed straight-through, there is a substantial reduction in the need for manual oversight—significantly accelerating their digital transformation journey.

• 40% increase in document processing efficiency
• 40% reduction in errors from manual data entry
• 35% straight-through invoice processing
• 15% overall cost savings