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.

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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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