RPA in Financial Administration
Processes in Financial Administration department have very high automation potential
Our RPA solutions boosted our customers' invoice processing and decreased amount of accounts receivables
The tasks in financial administration processes are particularly potential for RPA (Robotic Process Automation) because they are by their nature high-volume, very rule-based and repetitive.
We have done various RPA implementations for our customers that have created results in their processes within Finance and Accounting. From decreasing the amount of open receivables to boosting purchase invoice processing – RPA and intelligent automation solutions can make a substantial impact in processes within F&A.
Benefits of RPA in Financial Administration
Process transparency & standardization
RPA creates transparency in accounting, detects exceptions and harmonizes procedures and information.
Amount of humane errors in processes and data is reduced.
Consolidation cycle becomes faster when robots handle data in real-time and offer up-to-date information.
Higher cost savings
Working hours tied to reporting are reduced.
RPA use case examples in Financial Administration
Account Receivables & Account Payables
REPORTING & GROUP LEVEL ACTIVITIES
Our customers' success stories in Finance & Accounting
Stark wanted to ease the manual workload of their employees in an invoicing service process. The solution to the challenge was found in automation.
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