Our Projects
Turning Insights into Actionable Success!
Explore our real-world projects, where our tailored strategies and expert-led consulting initiatives have empowered businesses with curated solutions to transcend towards measurable long term sustainable success
Metal & Commodities
Optimizing Efficiency & Eliminating Late Payments
Client: Trade Finance team of A leading global oil & commodity trader
Challenge: High TAT and errors in manual Letter of Credit (LC) workability processing.
Solution: Innovept integrated OCR and RPA to automate LC data extraction, workability checks, and document creation.
Impact:
85% error reduction, 10-day faster payments, $5M+ saved in late fees.
Digital Transformation: Accelerating Trade Reconciliations
Client: Derivatives team, leading global oil & commodity trader
Challenge: Incorrect trade reconciliations and losses from duplicate and late payments.
Solution: Innovept leveraged Six Sigma, Alteryx, and RPA to automate trade reconciliation, standardize brokerage checks, and prevent payment errors.
Impact:
$10M+ saved, 100% accuracy in un-reconciled trades, 7-day faster purchase order creation.
Healthcare & Life Sciences
Automated Claims Processing for a Leading Healthcare Insurance Provider
Client
Leading health insurance company
Challenge
Manual claims processing caused delays, validation errors, and weak fraud detection.
Solution
Innovept deployed AI-powered OCR and RPA to automate data extraction, validate policies, and flag fraud using predictive analytics.
Impact
70% faster processing, 90% improved fraud detection, and $12M annual savings.
AI-Powered Revenue Cycle Management for a Hospital Network
Client
Leading multi-specialty hospital chain
Challenge
Revenue leakage due to billing errors, claim denials, and inefficient follow-ups.
Solution
Impact
60% higher claim acceptance, 80% fewer billing errors, and $15M recovered within first year
Banking & Financial Services
AI-Based Fraud Detection in Trade Finance for a Global Bank
Client
Multinational bank’s Trade Finance division
Challenge
Manual verification led to undetected fraud, invoice discrepancies, and duplicate payments.
Solution
Innovept deployed an AI-driven anomaly detection system to identify fraud patterns and automate invoice reconciliation.
Impact
80% improvement in fraud detection, 75% faster processing, and $20M in fraud losses prevented annually.
Digital Loan Origination for a Leading Retail Bank
Client
Major retail bank offering personal and business loans
Challenge
Lengthy loan approvals due to manual verification, KYC checks, and document processing, leading to high customer drop-off rates.
Solution
Innovept implemented an AI-powered digital loan origination platform with OCR-based verification, automated KYC checks, and RPA-driven workflows for faster decisions.
Impact
Loan approvals cut from 5 days to 24 hours, 70% improved onboarding, and 75% lower processing costs.
Manufacturing & Supply Chain
Invoice Automation for a Multinational Manufacturing Company
Client: Global manufacturing firm handling high-volume supplier invoices
Challenge: Manual validation, format inconsistencies, and payment discrepancies caused delays, errors, and financial penalties.
Solution: Innovept implemented an automated invoice processing system with OCR for data extraction, RPA for validation, and AI for reconciliation.
Impact:
85% fewer processing errors, 60% faster approvals, and $7M saved in late payment penalties.
AI-Based Expense Management for a Large Supply Chain Corporate
Client: Fortune 500 company with global supply chain operations
Challenge: Difficulty tracking employee expenses, detecting fraudulent claims, and enforcing spending policies.
Solution: Innovept implemented an AI-driven expense management system for automated categorization and real-time policy enforcement.
Impact:
90% fewer fraudulent claims, 80% faster reimbursements, and $8M saved through better policy compliance.
Retail & E-commerce
AI-Powered Demand Forecasting & Inventory Optimization
Client
Multinational e-commerce platform
Challenge
Solution
Innovept deployed an AI-driven demand forecasting model with Intelligent Automation for dynamic inventory adjustments and automated restocking. A real-time Web Portal was developed for inventory visibility.
Impact
AI & RPA-Driven Customer Support Automation
Client
Leading fashion e-commerce brand
Challenge
Solution
Impact
Public Sector & Government
Intelligent Document Processing for Citizen Services
Client: State government digital service department
Challenge: Slow processing of permits, licenses, and welfare applications due to manual verification.
Solution: Innovept implemented OCR for data extraction and RPA for automated verification against government databases, enabling instant approvals.
Impact:
70% faster document verification, improved service delivery for 10+ million citizens.
AI-Powered Fraud Detection in Public Assistance Programs
Client: National social welfare agency
Challenge: High levels of fraudulent claims in government subsidy and benefit programs.
Solution: Innovept implemented an AI-driven fraud analytics system, integrating data analytics with government records and RPA bots to verify claims and flag high-risk cases.
Impact:
80% reduction in fraud, $25M recovered in fraudulent disbursements.
Hospitality & Travel
AI-Driven Personalized Travel Booking
Client
Global travel agency
Challenge
Low booking conversion rates due to a lack of personalized recommendations.
Solution
Innovept deployed an AI-driven recommendation engine analyzing customer preferences, past bookings, and browsing behavior. A Web Portal dynamically generated tailored travel packages.
Impact
60% higher booking conversions, 85% improved customer engagement.
Contactless Hotel Check-in using OCR & AI
Client
Luxury hotel chain
Challenge
Long check-in times leading to poor guest experience.
Solution
Impact
Automotive & Transportation
AI & RPA for Automated Vehicle Registration & Compliance
Client
National vehicle registration authority
Challenge
Solution
Impact
RPA & AI for Automated Vehicle Insurance Claims Processing
Client
Leading auto insurance company
Challenge
Solution
Impact
85% faster claim processing, 70% improved fraud detection.
