A large CPG company needed to extract data from hundreds of thousands of purchasing documents, spread across 50,000 suppliers and nearly 200 countries. However, they were in several different formats, types, and languages, forcing the company to use an inefficient, manual review process.
Infosys harnessed the power of Infosys Topaz to extract relevant information from the documents and then translate this information into structured data. The use of this data could then enable the company to determine whether their buyers are utilizing preferred vendors and/or optimizing purchasing decisions. The company’s targeted annual saving in overall spends is 10 percent.
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