Robotic process automation (RPA) is the use of software that mimics human interaction with core systems, web and desktop applications to execute processes.
RPA is an effective cost and time enabler, complementing any digital transformation journey to streamline business processes, achieve profitability and maintain a competitive advantage.
Automation Anywhere is a global leader in Robotic Process Automation (RPA), empowering customers to automate end-to-end business processes with software bots – digital workers that perform repetitive and manual tasks, resulting in dramatic productivity gains, improved customer experience and more engaged employees.
Emulates a person by executing manual, repetitive tasks in existing applications
Makes decisions based on set rules
Integrates and updates seamlessly with other applications
Every year, billions of invoices are generated and exchanged between supplier and buyer organizations. Information from these invoices needs to be read and processed quickly and efficiently and directly impacts most company’s bottom line.
Traditionally, organizations spend countless hours manually extracting the information and feeding that information into systems of records. The current way of operations results in knowledge workers performing mundane tasks such as data entry when they should be performing more value-added tasks. Manual processing also introduces costly errors into the workflow and adds additional complexity with manual approval workflows.
Manual data entry errors by workers
Inability to efficiently manage the data
Lack of visibility to track Accounts Payable (AP) processes
Key information can be missed / not captured
Resolving issues takes time, slowing down processes
At a time when maintaining the bottom line is critical, issuing accurate payments faster with fewer resources is key.
AI and Robotic Process Automation (RPA) empower accounts payable teams to automate invoice processing to beat the deadline, ensure accuracy, and achieve up to 80% cost savings.
AI-powered bots can:
Robotic Process Automation (RPA) is the most effective way to automate any procure-to-pay process. It’s easy to deploy, it offers the highest ROI, and when combined with AI, it can even process unstructured data.
Read how iOCO ‘s automation specialists, integrated Automations Anywhere’s IQ-Bot with Syspro to fully automate the accounts payable process and improve supplier engagement, gain visibility into outstanding payments and streamline payment processes.
There are many Automation Use Cases in Finance and Accounting:
- Financial Ops & Accounting
- General Ledger Close
- Reconciliations
- Manual Journal Entries
- Intercompany Settlements
- Fixed Asset Management
- Regulatory & External Reporting
(FP&A)
- Financial Planning & Analysis (FP&A)
- Budgeting
- Forecasting
- Variance Analysis
- Management Reporting
Treasury Operations
- Treasury Operations
- Bank Statement Consolidation
- Consolidated Cash Position Reporting
- Cashflow Forecasting
- FX Exposure Forecasting & Hedging
- ACH/Wire Payments
Tax Operations
- Tax Operations
- Tax Provisioning
- Tax Compliance
- Tax Accounting
- Data Management & Reconciliation
Accounts Payable
- Accounts Payable
- Vendor Setup
- Purchase Order Creation
- Invoice Validation Invoice & Lease Payments
- Travel & Expense Reimbursements
- Payables Reporting
Accounts Receivable
- Accounts Receivable
- Customer Setup
- Sales Order Processing
- Invoice Creation
- Collections
- Payment Processing
- Receivables Reporting
Discover how we can automate your financial processes to save costs, improve accuracy and efficiency.