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Text Content

PRODUCTS
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customer stories


IN2 PROJECT MANAGEMENT HELPS WATER SUPPLY CORPORATION SAVE 700,000 AUD WITH
NANONETS AI


700,000 AUD

Money saved


1920 MAN HRS

Time saved


72

Templates automated



Industry
Water supply industry
Document types
Invoices
Location
Australia
Integrations
MySQL Database


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CLIENT:


IN2 PROJECT MANAGEMENT

The client is an urban water corporation responsible for water and sewerage in
Victoria, Australia with $1 billion infrastructure network which includes more
than 2,000 km of water mains, 15 water treatment plants, over 1,700 km of
wastewater mains and 14 wastewater treatment plants.

In2 Project Management is a leading Business Management Consultant based in
Victoria, Australia. Their journey began in 2007 when the two co-founders, Neil
Betts and Chris Allford, first met to work together to transform businesses with
agile thinking and lean practices across Energy, Transport, Financial Services,
Healthcare, Government and Technology in all states in Australia. They are about
to rebrand to a new company called “Go True North” with the vision to enable
their clients to create more value and learn to solve their own problems.

go to workfLowgo to workfLow


The value of the tool that Nanonets has developed has been very fundamental in
saving cost. Without that, we wouldn't have done such a great job of connecting
it all together. We are now working on other user cases to look at internal
operating costs, again using Nanonets extract data from handwritten timesheets!
‍ Nanonets has got the technology and we understand maintenance. We understand
what data they need to look at and we have just brought the two pieces together.
Nanonets is our partner in our AI journey with our clients.

Neil Betts
CO-FOUNDER, IN2 PROJECT MANAGEMENT


THE CHALLENGE

In Australia, the Water Industry is subject to economic regulations. The
economic regulator is an independent body which determines whether the tariffs
charged by the water corporation are prudent and efficient. Pricing and
performance regulatory framework for water corporation are shared below.

The client was spending circa $10 million AUD / year to deliver external
maintenance support on their infrastructure. The In2 Project management Team
were engaged to review the options for delivering the future maintenance
services to identify areas of potential cost savings, if any, and suggest a more
cost-effective way to deliver maintenance.The team began the drill - getting
invoices, building spreadsheets, verifying the data against the supporting data.
But they faced a challenge - there were over 72 formats of invoices to look at
and over 3500 lines of cost. Neil needed a technology that was smarter and
faster than manual power to look at the invoices and identify if there were any
discrepancies.

‍Neil evaluated several data extraction players in the market - Nanonets,
Amazon, Microsoft and Rossum. But what he was really looking for was a partner
in his AI journey.

The user had concerns that their maintenance delivery model and the associated
costs were not optimised. The invoice information being supplied was not
verified because it was time-consuming and difficult to reconcile. 3500 line
items every month across 72 different types of service provision was not
something one person had the time to analyse.

Neil Betts
CO-FOUNDER, IN2 PROJECT MANAGEMENT


THE SOLUTION

Nanonets setup a data validation workflow that receives invoices from SAP Ariba
System, 3rd Party supplier invoices and Sharepoint: Nanonets Pre-trained Invoice
Extractor captured information in real-time and routed this information to In2
Project Management’s SQL Database. The extracted information was validated
against client's spend management system. The updated database was plugged into
Power BI, which brought insightful visualisations alive.

This helped Neil's team draw surprising insights into the client's works
management process and the validity of invoices against the client’s spend
management systems:

1. Discrepancy of $30k was identified when the expenses raised by client’s SAP
Ariba portal were validated against data extracted from invoices by Nanonets
Pre-trained Invoice Extractor.

2. Cost Per Service when the expenses raised by client’s SAP Ariba portal where
visualised, inconsistencies were identified in the range of cost for the same
equipment being supplied by multiple suppliers.

3. Company Validation: In order to validate the authenticity of the company
raising the invoice, the supplier ABN number of the company extracted by
Nanonets Pre-trained Invoice Extractor was compared live using the tax office
ABN lookup web services.The workflow is as below:


THE RESULT

Before
10 MILLION AUD / YR
Outsourcing Maintenance Intelligence Costs
After
5,000 AUD/YR
Costs with Nanonets
115,200 AUD / YR
Projected savings per year


THE RESULT

The stripping of data by Nanonets technology has led to three significant
savings for the client:

1. A combination of Process improvement, maintenance delivery restructure,
revised maintenance contract, combined with a deeper understanding of the cost
to deliver the maintenance activities from the visualisation and trending of
third-party invoice data has saved the Water Supply Corporation 700,000 AUD.‍

2. Had the Nanonets AI solution not been used, the client would have been
required to employ 4 full time employees to validate information from invoices.‍

Projected cost savings per year = $60*4*40*12 = ~$115,200‍

3. The Water Industry client previously spent 10 million AUD per year in
outsourcing this maintenance intelligence. In2 Project Management has helped
Water Supply Corporation understand their maintenance and infrastructure
management. By better understanding their requirements, the client has been able
to bring intelligence in-house and manage it with a Project Manager, enabled by
AI and data-driven technology.

To learn more about In2 Project Management and their work, check out In2 Project
Management.

To learn more about Nanonets, check out nanonets.com or speak with us today!

What we’re doing with Nanonets is not simply stripping data from invoices and
building into a finance system, but more than that. We are taking that data and
building real-time dashboards to enable our Clients insights so they can find
savings.

Neil Betts


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PRODUCTS

Invoice OCRReceipt OCR Passport OCRDriver License (US) OCRID Card OCRTable
Extraction OCRPDF ScraperOCR API

SOLUTIONS

Accounts Payable AutomationAutomated Invoice ProcessingERP Integrations

RESOURCES

Customer Success StoriesBlogHelp CenterAPI Documentation

CONVERTERS

Online OCRPDF to ExcelPDF to CSVImage to TextSearchable PDFPDF to JSONPDF to
XMLPDF to TextPDF Bank Statement ConverterPDF OCRBarcode ScannerQR Code
ScannerWebsite ScraperImage to Excel

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