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Finance Department Case Study

Nordic Manufacturing Group

How a global manufacturing conglomerate reduced finance department costs by 80-85% while achieving 93-95% accuracy in financial operations

80-85%
Cost Savings
75-80% Faster
Processing Speed
93-95%
Accuracy Rate
3.2 Months
ROI Timeline

Company Overview

About Nordic Manufacturing

Nordic Manufacturing Group is a leading industrial conglomerate with operations in 45 countries. The company specializes in heavy machinery, automotive components, and industrial automation solutions.

With complex financial operations spanning multiple currencies, regulatory frameworks, and business units, the company sought to modernize its finance function through AI.

€8.7B Annual Revenue
Across 12 business units
45 Countries
Global operations
380 Finance Staff
Pre-automation baseline
2.5M Transactions/Year
Processing volume

The Challenge

Complex Financial Operations at Scale

Nordic Manufacturing faced significant challenges managing financial operations across its global footprint:

Operational Challenges

  • 5-7 day invoice processing time
  • 15% of invoices requiring manual intervention
  • Month-end close taking 12 days
  • 0.3% error rate in financial reporting

Strategic Impacts

  • €42M annual finance department costs
  • Limited real-time financial visibility
  • Compliance risks across jurisdictions
  • Delayed strategic decision-making

The Solution

We implemented a comprehensive AI-powered finance transformation that revolutionized Nordic Manufacturing's financial operations:

Intelligent Invoice Processing

Deployed 200+ AI agents for end-to-end invoice processing, handling capture, validation, approval routing, and payment processing with 99.9% accuracy.

Real-time Financial Analytics

AI-powered dashboards providing instant financial insights, automated reporting, and predictive analytics for cash flow, revenue, and expense management.

Automated Financial Close

Intelligent orchestration of month-end close processes, automated reconciliations, and journal entry generation reducing close time from 12 to 3 days.

Compliance & Risk Management

AI agents continuously monitoring transactions for compliance, fraud detection, and regulatory reporting across all 45 jurisdictions.

Implementation Timeline

Phase 1: Financial Process Audit

2 weeks
  • Current state analysis
  • Process documentation
  • Automation opportunities

Phase 2: Invoice & AP Automation

8 weeks
  • Invoice processing AI
  • Payment automation
  • Vendor management

Phase 3: Financial Analysis AI

6 weeks
  • Reporting automation
  • Forecasting models
  • Variance analysis

Phase 4: Compliance & Audit

4 weeks
  • Compliance monitoring
  • Audit trail automation
  • Risk management AI

Results & Impact

Financial Impact

  • 80-85% Cost Reduction
    From €42M to €6.3-8.4M annually
  • 320 Positions Automated
    Staff redeployed to strategic roles
  • 3.2 Month ROI
    Full investment recovery

Operational Excellence

  • 96% Faster Processing
    5-7 days to 3-4 hours
  • 99.9% Accuracy
    From 99.7% baseline
  • 3-Day Close
    From 12 days

Strategic Benefits

Real-time
Financial Visibility
100%
Compliance Rate
€2.8M
Annual Fraud Prevention

Transform Your Finance Operations

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*Results are specific to Nordic Manufacturing Group's implementation and context. Individual results may vary based on industry, company size, and implementation approach.