Leverage the power of AI and Automation in manufacturing
Manufacturing industries face umpteen challenges and stumbling blocks – from reduced downtime and the need to comply with increased regulations to supply chain complexities and growing skills gap. Keeping up with the evolving demands of the manufacturing industry is no mean feat.
Manufacturing and industrial companies are thus looking to implement AI and Automation technologies to accelerate their digital transformation journey. Forward-thinking companies utilize AI, Automation, and Advanced Analytics to improve operational efficiency, reduce labor costs, and enable better decision-making, thereby revolutionizing the manufacturing industry landscape.
Manufacturing companies on the fence about implementing disruptive technologies risk missing out on enormous opportunities to create digital experiences for their customers.
How can we help?
At EdgeVerve, we drive digital transformation by delivering intelligence and insights to transform processes, documents, and the supply chain. The capabilities of our enterprise-grade automation platform, AssistEdge, and Document AI platform, XtractEdge, help global customers across industries leverage valuable insights and identify business opportunities to power continuous innovation-led growth.
EdgeVerve enhances the workforce productivity and reduces the data refresh cycle time for a leading Vehicle Lifecycle Management Application Provider
Our client’s backend team manually scrapes millions of records of automotive data and documents from OEM websites and maps them to the destination data taxonomy. This manual process slows the data updation and reduces this activity to once in three months. Our client wanted to accelerate their data updation process.
With EdgeVerve’s AI and Automation capabilities, our client was able to optimize their backend data and document processing operations. EdgeVerve’s Robotic Process Automation (RPA) crawls through OEM websites and exports the auto-parts and labor data to the Intelligent Document Processing (IDP) platform, which then classifies, extracts, normalizes, and feeds the data to the client’s downstream end-user portal.
Benefits
~45 days to <3 days
Potential reduction in Data Refresh Time
Enhanced workforce productivity
Reduced manual efforts
Use cases of AI and Automation in manufacturing
| Lab test reports digitization | Contract review and risk analysis | M&A due diligence |
|---|---|---|
| Automated digitization and extraction of Full Material Disclosure (FMD) lab reports for a technology major to reduce the manual review of reports for compliance checks, with an estimated cycle time reduction of 60% | Automated risk scoring and review of supplier contracts for a Japanese conglomerate, with 9x improvement in procurement team productivity and reducing contract review cost from $200 to under $25 per review | Accelerated the contract review process for a Semiconductor major, enabling legal teams to accurately determine the risk exposure in customer and supplier contracts with 70% potential workforce improvement during M&A due diligence |
| Vendor management automation | First touch resolution on order management | Automated ticket management |
|---|---|---|
| Enabled 100% straight-through automation for vendor management & accounting for a global manufacturer, resulting in a 40% drop in vendor queries | Enabled a global network equipment manufacturer to deliver 98% first touch resolution on order management through a 360-degree customer view | Reduced AHT by 71% with automated ticket management for an engineering service major, resulting in enhanced customer experience |
| Efficient key accounting processes | Automated complex F&A processes | End-to-end automation of order management |
|---|---|---|
| Helped a multinational European manufacturer save € 93K in cost savings by improving the efficiency of key accounting processes by 80% | Delivered $35 Mn in annual savings by automating complex finance and accounting processes for a leading healthcare manufacturer | Enabled a global manufacturer to reduce customer response time by 30% with end-to-end automation of the order management process |
Lab test reports digitization
Automated digitization and extraction of Full Material Disclosure (FMD) lab reports for a technology major to reduce the manual review of reports for compliance checks, with an estimated cycle time reduction of 60%
Contract review and risk analysis
Automated risk scoring and review of supplier contracts for a Japanese conglomerate, with 9x improvement in procurement team productivity and reducing contract review cost from $200 to under $25 per review
M&A due diligence
Accelerated the contract review process for a Semiconductor major, enabling legal teams to accurately determine the risk exposure in customer and supplier contracts with 70% potential workforce improvement during M&A due diligence
Vendor management automation
Enabled 100% straight-through automation for vendor management & accounting for a global manufacturer, resulting in a 40% drop in vendor queries
First touch resolution on order management
Enabled a global network equipment manufacturer to deliver 98% first touch resolution on order management through a 360-degree customer view
Automated ticket management
Reduced AHT by 71% with automated ticket management for an engineering service major, resulting in enhanced customer experience
Efficient key accounting processes
Helped a multinational European manufacturer save € 93K in cost savings by improving the efficiency of key accounting processes by 80%
Automated complex F&A processes
Delivered $35 Mn in annual savings by automating complex finance and accounting processes for a leading healthcare manufacturer
End-to-end automation of order management
Enabled a global manufacturer to reduce customer response time by 30% with end-to-end automation of the order management process
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