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

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.

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.

Future Endeavors:

Buoyed by its initial success, Petrobras plans to extend the application of Automation Anywhere’s intelligent automation solutions across various crucial business departments. Anticipating annual savings surpassing $1 billion, Petrobras aims to revolutionize departmental administrative processes, including HR functions, procurement, and finance.

Commitment to Sustainability:

Beyond cost savings, Petrobras envisions utilizing the accrued savings to spearhead the transition towards sustainable energy sources. With a strategic focus on renewable energy development, including wind and solar power, Petrobras aims to lead the charge towards a greener future.

Automation Anywhere’s Perspective:

Adi Kuruganti, Chief Product Officer at Automation Anywhere, commended Petrobras as an exemplar of leveraging automation and AI to reimagine business operations comprehensively. He emphasized the transformative potential of generative AI-powered automation in realizing substantial cost savings while enhancing speed and accuracy across organizational workflows.

About Petrobras:

Petrobras stands as a testament to the tangible benefits derived from embracing AI-powered automation solutions. Through its partnership with Automation Anywhere, Petrobras is poised to unlock further productivity gains, drive innovation, and accelerate business growth while empowering its workforce to focus on high-value tasks.

About Automation Anywhere

Automation Anywhere leads the forefront of Intelligent Automation solutions, harnessing AI to streamline organizational processes comprehensively. With its Automation Success Platform, Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service, and accelerate business growth. Guided by its vision to fuel the future of work through intelligent automation, Automation Anywhere continues to redefine industry standards.

Anshika Mathews
Anshika Mathews
Anshika is an Associate Research Analyst working for the AIM Leaders Council. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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