Case Study
Electrical Contracting Firm
Introduction
AI-Powered Operational Efficiency for an Electrical Contracting Firm
An electrical contracting firm leveraged AI-powered solutions to address significant operational inefficiencies in their accounts payable and HR departments. With an ambitious growth plan to scale from $25M to $100M in revenue, this client recognized the need to streamline its processes, reduce manual workloads, and improve cost management. They faced challenges with the manual, time-consuming tasks involved in HR onboarding/offboarding and invoice processing. To enhance efficiency and productivity, the company implemented AI-powered solutions to automate these processes, eliminate double payments, and support their expanding business needs.
Before AI-Powered Solutions
- Double payments caused budgeting issues and financial discrepancies.
- Onboarding and offboarding processes were labor-intensive, consuming significant HR resources.
- Offboarding involved 45-50 steps per employee, with 1-2 offboarding weekly, further straining HR resources
- Onboarding required 1-2 hours per hire, with 10-12 hires weekly, totaling approximately 1,200 hours annually.
- Manual processing of daily invoices was time-consuming and error-prone, impacting overall productivity.
- Spending 1,200 hours annually processing invoices for one person led to inefficiencies and potential errors, impacting budget management and vendor relations.
Approach
Lydonia partnered with the client to implement an AI strategy to streamline HR onboarding/offboarding. They used AI-powered solutions to automate remote I-9 processing, IT setups, PPE issuance, and benefits enrollment, saving significant HR time. Offboarding was streamlined with an automated workflow. In accounts payable, AI-powered solutions reduced the workload by 1,200 hours annually by handling material requests, purchase orders, and invoice entry. These improvements enhanced efficiency, eliminated double payments, improved cost analysis, and supported business growth from $25M to $100M in revenue over 18-20 weeks.
Results
- Reduced HR onboarding time significantly.
- Decreased invoice processing time.
- Eliminated double payments, improving budgeting accuracy and vendor relationships.
- Optimized labor costs without increasing headcount.
- Enhanced employee onboarding experience and reduced HR administrative tasks.
- Implemented scalable operational processes to support business growth to $100M.