Petrobras Saves $120 Million in Just Three Weeks with Automation Anywhere's AI-Powered Automation

Leadership in Intelligent Automation:

Automation Anywhere, a front-runner in intelligent automation solutions leveraging artificial intelligence (AI), recently announced a remarkable achievement with Petrobras, South America's largest energy company. Within a mere three weeks, Petrobras realized savings amounting to a staggering $120 million through the implementation of Automation Anywhere's Automation Co-Pilot for Business Users.

Addressing Tax Filings Complexity:

Petrobras, renowned for its extensive experience in ultra-deepwater oil and gas exploration spanning over 70 years, sought to enhance the accuracy of its tax filings. Despite its advanced AI applications in exploration and production, the company recognized the need to bridge the gap in utilizing AI for administrative processes, particularly in departments like procurement, finances, taxes, and HR.

Transformative Generative AI Implementation:

Leveraging Automation Co-Pilot for Business Users, Petrobras embarked on a transformative journey within its tax department. The innovative solution enabled Petrobras to address potential inaccuracies in tax filings while navigating through the intricate web of rules and regulations governing Brazilian tax codes. By feeding vast volumes of complex tax data into a new generative AI model powered by Automation Anywhere, Petrobras achieved astounding results in a remarkably short span.

Testimony to Success:

Carlos Barreto, Chief Information Officer at Petrobras, expressed delight at the remarkable outcomes attained through the implementation of Generative AI-powered automation. He highlighted the swift realization of tens of millions of dollars in savings within a brief timeframe, showcasing the efficacy of Automation Anywhere's intelligent automation platform.