Bengaluru-based Avaali Solutions Pvt Ltd is a leading provider of digital solutions to upper mid to large enterprises for increasing process agility and reducing costs. Founded in 2013, the company offers consulting and technology solutions that have demonstrated credible success for large enterprises, delivering operational excellence for over 120 customers via shared services. Across these entities, the company has carried out over 250 transformations (across Asia, MEA, and parts of Europe), ensuring operation efficiency and cost reduction by about 35-70 per cent. Avaali, backed by over 300 employees, is ready to clock a topline of around Rs100 crore this fiscal year, growing 3x from the last fiscal year. The company possesses profound expertise in technologies such as ML-based ICR/OCR, enterprise content management, workflow automation solutions, chatbot RPA, and digital signature. It maintains a dominant presence in procure-to-pay automation, having implemented over 100+ solutions in this space. Avaali’s flagship product, Velocious Supplier Relationship Management, automates procure-to-pay processes for large enterprises. The company offers its product line under Velocious, as well as services and consulting in partnership with various technology vendors. Avaali has undertaken some of the largest and most complex shared service automation projects, consolidating, standardising, and automating these processes. Enterprises with which it has engaged include marquee names like Honda, Apollo Tyres, Exide, Mahindra, ICICI Bank, ABB, Compass Group, Adani Group, Wockhardt, Piramal, Oil India, Vedanta, Tata Steel, Petrochem, Nayara Energy, Manipal Hospitals, and ReNew Power. Avaali has been recognised as the ‘Most Prominent Contributors’ to Innovation at the World Innovation Congress 2023. The company is also a winner of SME Empowering India Award 2023. “Our enterprise solutions reduce costs and drive process agility via digital. At Avaali Solutions, we are revolutionising digital capabilities for enterprises to enhance cost efficiency and navigate turbulent times effectively. Our new products, in addition to our flagship Velocious, empower organisations to achieve remarkable business outcomes. By leveraging extensive data sets and innovative processes, we reduce supply chain risks, enhance sustainability reporting and unlock the untapped potential of monetising data,” says Srividya Kannan, Founder & CEO, Avaali Solutions. “Operating under Velocious, Avaali offers both product lines and consulting services in collaboration with various technology vendors, focusing on improved visibility, governance, and transparency. Notably, Avaali is a leader in procure-to-pay automation, boasting over 100 successful implementations in this domain,” adds Kannan. Enhancing efficiency “Avaali’s expertise in OpenText VIM support and upgrade helped us manage our VIM landscape efficiently, stay compliant, reduce downtime and keep running things smoothly,” says Rahul Yadav, D&T Enterprise Solutions Director - Asia Pacific & Middle East, Compass Group. “As an organisation, we had partnered with Avaali since 2016, when we embarked on a transformation journey to establish a Shared Service Centre (SSC) operating model. We aimed to automate all our core business processes and shift towards a digital environment, enhancing operational efficiency and reducing cycle time. Avaali’s consulting expertise proved invaluable in helping us achieve this vision. Through an in-depth analysis of our existing processes, they identified areas of improvement and developed a roadmap for automation. Their team seamlessly delivered comprehensive solutions across our accounts payable, accounts receivable, master data management, and unstructured content processes, including HR, supplier onboarding, vendor reconciliation, bank reconciliation, customer reconciliation, and payment approvals,” says Alkane Patel, CDO, Bidco Africa. “Our partnership with Avaali has also resulted in an impressive reduction in cycle time for a range of critical business processes. Our due payment approval process is 50 per cent faster, reconciliation processes have been accelerated by 40 per cent, and accounts receivable process cycles have been shortened by 50 per cent. Our master data creation process has been the most remarkable improvement, moving from a rather time-consuming and error-prone manual process to a streamlined, highly automated process that runs 70 per cent faster,” adds Patel.