Capture invoice data from scanned invoices or electronic files and process the same in
systems. The invoice processing time can be reduced by up to 60 to 80 %.
Bank lockbox payments received from various sources are matched against open invoices.
are then processed in the ERP system, every day and remittance receipts are generated.
RPA can process email, perform compliance checks and process the Journal entries in ERP
(SAP, Oracle, etc.), and notify the requestor.
RPA can automate the download of sub-account balances, perform validations and create
balancing journal entries to handle discrepancies.
Matching invoices to purchase orders (PO) and goods received notes (regulatory reporting
efficiency ensures accurate payment and validates different parts of the supply chain.
Look up new Vendor information online (e.g., using DUNS number) and use that information
add the latest vendor to your ERP of Invoice application.
RPA can be configured for rules-based auto-approval in the AP system. Any exceptions are
raised to the appropriate person for manual approvals.
Prepare forecasts automatically using historical and market data. Load pre-populated
balances into the planning system, Create variance reports.
Capture and cleanse data, generate the regulatory reports automatically. Create complex
annual reports to the extent possible.