Mon Motors use automation technology to reduce their purchase ledger invoicing costs.
Background
Profit margins in the automotive industry have become challenging in recent years given changes in how manufactures are taking their cars to market, and ongoing pressures on consumers’ cost of living. As a result, many companies are now focused on identifying areas where they can reduce costs and increase efficiencies to bridge the gap.
With experience in helping other automotive clients such as Arnold Clark, Inchcape and Brayleys, Nexbotix proactively approached Mon Motors to see if they would be interested in using automation as a technology to help drive their required savings.
Challenge
Through engagement at Board Level, Nexbotix highlighted how an automation-first strategy for the business could drive both efficiencies and cost savings, with the Mon Motors purchase ledger invoicing process identified as being a perfect candidate and starting point for automation, due to high expected benefits and their high volume of manual processing.
Solution
The starting point was for the Nexbotix team to work alongside Mon Motors, to fully understand, audit and map out the end-to-end tasks involved in the purchase ledger invoicing process, and identify areas that could be automated, before building, testing and deploying a recommended combination of AI and automation technology.
This included ensuring that the solution integrated with existing systems, such as their Dealer Management System, and was fully supported by a team of Nexbotix experts whilst in-life, to ensure deployment was seamless and non-disruptive to BAU.
ROI/Benefits
“Automating our business processes is having a positive impact from an efficiency, timesaving and supplier relationship perspective. Nexbotix have worked in partnership with us to seamlessly deliver their AI and automation tech, without any disruption to the business. We’ve started with finance processes and will be looking to roll out the solution across other areas of our operation.”
Roger Moore – Group Finance and Commercial Director
