Ultimus BPM Automation News

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    6-Month Payback with Machine Learning-based Invoice Workflows

    Posted on: September 28, 2021

    New York, NY – September 28, 2021 – Ultimus, the award-winning low-code BPM technology leader, demonstrates a 6-month payback on its machine learning-based invoice processing and approval workflow solution.

    Using the Ultimus Digital Process Automation Suite and pre-integrated advanced machine learning data extraction capabilities, Ultimus customers have been able to lower the cost of invoice processing from about $10 per invoice to around $0.14 per invoice. Moderate volume organizations receiving around 100,000 invoices per year have been able to offset the total cost of solution acquisition and configuration in about 6 months.

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    Category: Solutions

    Get a Business Process Automation Proof of Concept

    Posted on: September 15, 2021

    Whether you’re looking for a strategic business process automation platform or to solve a particular process problem, a Proof of Concept (POC) is the logical first step.

    Getting a free Ultimus POC doesn’t have to take a lot of your time. You’ll need to invest as little as a few minutes to send us screenshots of an existing application or a workflow diagram, or you can develop and send us a full requirements document.

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    Category: Solutions

    Month-End Financial Closing – The Advantages of a Workflow Platform Approach

    Posted on: September 1, 2021

    The month-end financial closing process is one of the most important business processes - and one of the most challenging.

    Coordinating data, documents, tasks, and people across multiple facilities, departments, legal entities, systems, and time zones is time consuming and error prone. And with each passing day, it takes more effort, causes more frustration, and increases personal exposure.

    Although an obvious opportunity for technology, numerous packaged month-end closing offerings have struggled to meet the need – forcing customers to choose between living with the application’s limitations or embarking on a course of expensive and hard to maintain customizations; in both cases, forcing customers to pay for irrelevant or unneeded functionality while adding yet another layer of technical debt.

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    Category: Solutions

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