Finance and Accounting RPA use cases

Invoice Processing

Capture invoice data from scanned invoices or electronic files and process the same in ERP systems. The invoice processing time can be reduced by up to 60 to 80 %.

Finance
Finance
Payment Matching & Processing

Bank lockbox payments received from various sources are matched against open invoices. These are then processed in the ERP system, every day and remittance receipts are generated.

Automate Journal Entries

RPA can process email, perform compliance checks and process the Journal entries in ERP (SAP, Oracle, etc.), and notify the requestor.

Finance
Finance
Account Reconciliations

RPA can automate the download of sub-account balances, perform validations and create balancing journal entries to handle discrepancies.

3-way Matching

Matching invoices to purchase orders (PO) and goods received notes (regulatory reporting efficiency ensures accurate payment and validates different parts of the supply chain.

Finance
Finance
Vendor Onboarding

Look up new Vendor information online (e.g., using DUNS number) and use that information to add the latest vendor to your ERP of Invoice application.

Automate Workflow and Approvals

RPA can be configured for rules-based auto-approval in the AP system. Any exceptions are raised to the appropriate person for manual approvals.

Finance
Finance
Financial Planning and Analysis

Prepare forecasts automatically using historical and market data. Load pre-populated balances into the planning system, Create variance reports.

Regulatory reporting

Capture and cleanse data, generate the regulatory reports automatically. Create complex annual reports to the extent possible.

Finance
Finance
Invoice Processing

Capture invoice data from scanned invoices or electronic files and process the same in ERP systems. The invoice processing time can be reduced by up to 60 to 80 %.

Finance
Payment Matching & Processing

Bank lockbox payments received from various sources are matched against open invoices. These are then processed in the ERP system, every day and remittance receipts are generated.

Finance
Automate Journal Entries

RPA can process email, perform compliance checks and process the Journal entries in ERP (SAP, Oracle, etc.), and notify the requestor.

Finance
Account Reconciliations

RPA can automate the download of sub-account balances, perform validations and create balancing journal entries to handle discrepancies.

Finance
3-way Matching

Matching invoices to purchase orders (PO) and goods received notes (regulatory reporting efficiency ensures accurate payment and validates different parts of the supply chain.

Finance
Vendor Onboarding

Look up new Vendor information online (e.g., using DUNS number) and use that information to add the latest vendor to your ERP of Invoice application.

Finance
Automate Workflow and Approvals

RPA can be configured for rules-based auto-approval in the AP system. Any exceptions are raised to the appropriate person for manual approvals.

Finance
Financial Planning and Analysis

Prepare forecasts automatically using historical and market data. Load pre-populated balances into the planning system, Create variance reports.

Finance
Regulatory reporting

Capture and cleanse data, generate the regulatory reports automatically. Create complex annual reports to the extent possible.

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