Multinational Pharmaceutical Company

Developed an NLP pipeline for the automated classification of cross border invoices

Problem

• Wrong classification of cross-border invoices can lead to multi-million penalties risk on a yearly basis
• A global pharmaceutical company wanted to mitigate compliance risk related to the misclassification of cross-border invoices

Solution

• Developed an NLP pipeline, to automate the classification of cross-border invoices through an existing NLP model
• The NLP model reads the invoice and predicts the top classes with a corresponding confidence value
• Highest confidence code is then assigned to ERP field during the transaction posting

Impact

• Time to select coding is significantly reduced
• Increase of compliance and risk reduction