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RPA Solutions for Finance

Automate the finance department and foster innovation by enhancing workflow efficiencies, reducing costs, processing times, and risks. Deploy AI-driven HyperAutomation! 

This allows the finance team to focus on high-value, strategic work, increasing overall accuracy and capacity.

  • 98% of sales order workload can be shifted to robots
  • 80% faster reconciliation times
  • 2X greater transaction processing capacity

Procure to Pay

Negative experiences arise from the burden of manual and repetitive tasks, along with disjointed application environments. Enhance your Days Payable Outstanding (DPO) by expediting invoice processing and revamp the supplier experience through quicker onboarding and more efficient communication.

Order to Cash

Enhance the customer experience, lower Days Sales Outstanding (DSO), and boost collaboration, cost control, and cash flow. Digitize data input, automate sales order entry and billing, enhance productivity, and eliminate billing errors for increased operating leverage.

Record to Report

Improve business reporting internally and externally for improved growth and engagement within the accounting team. Automate complex journal entries, extract monthly reports efficiently, and minimize processing times for disclosure.

Treasury

Empower treasury analysts to swiftly identify investment opportunities with increased accuracy, confidence, and speed, reducing uninvested cash through improved cash-forecast reliability. 

Digitize reconciliation processes, eliminate workflow errors, and automate data extraction, allowing analysts to allocate more time to strategic tasks.

01

Process Payment

Utilize Document Understanding to enable robots to read processed invoice, digitizing your payment procedure. Enchance efficiency with AI and machine learning smooth operations. Manage payment reconciliations and address any exceptions that arise.

Business Use Cases:

  • Execute the payment process
  • Conduct the initial payment review
  • Oversee payment reconciliartions
  • Address any payment exceptions.
02

Generate Reports

Provide extensive deep analytics and robust reporting optimize and automate a critical aspect of your business.

Business Use Cases:

  • Create standardized reports
  • Distribute and oversee report management
  • Establish reporting processes and policies
  • Generate ad-hoc reports.
03

Manage Procure Activities

Optimize operations by automating purchasing, receipt of good, and services. seamlessly integrate with accounts payable for an efficient purchase-to-pay reducing payment turnaround times with swift documents processing.

Business Use Cases:

  • Evaluate performance
  • Create procurement strategies and processes
  • Oversee relationships with suppliers and vendors.
04

Purchase goods & Services

Automa ting P2P enhances supplier collaboration, employee satisfaction, productivity, profitability, and fosters better supplier relationships. By leveraging automation, the P2P cycle becomes faster and more reliable, ensuring supplier contentment and reducing risk.

Business Use Cases:

  • Initiate and submit requisitions
  • Generate purchase orders
  • Forward purchase orders to vendors
  • Oversee requisition approvals
  • Handle purchase order approvals.
05

Receive Goods & Services

Robotic automation enhances the goods receipt (GR) process by digitizing and automating tasks. This boosts inventory accuracy, offers precise data for finance's 3-way invoice matching, and facilitates efficient payment authorization. This optimization maximizes early payment discounts and fosters improved supplier relationships.

Business Use Cases:

  • Handle receipts
  • Accept goods and services
  • Address discrepancies and returns
  • Oversee inventory management
06

Process Invoices

Enhance invoice processing accuracy with Al-driven automation (UiPath Document Understanding). Digitize workflows for collecting, validating,and storing invoices, allowing robots to efficiently extract and process data from various sources. including PDFs, images. handwriting, and scans.

Business Use Cases:

  • Collect, digitize. and store invoices manually
  • Process electronic invoices, validate and manage invoice data
  • Submit transactions for processing
  • Handle matching discrepancies.

Key areas in Finance to leverage automation

Optimizing Key Metrics

Accounts Receivable
Day Sales Outstanding

Inventory Turnover Days Inventory Outstanding

Accounts Payable 
Days Payable Outstanding

Customer Onboarding and Invoicing

Process customer forms, master data, aggregates invoice data and triggers invoice on sales order and goods receipts

Cash Application

Auto-capture and read remittance info from checks, emails, and web portals, match payments with open invoices

Logistics Management

Process logisticspaperwork, tracking shipment, expediting of orders, supplier follow ups and update ERP and WMS systems

Invoice Processing

Auto-extract information from vendor invoices and purchase order details from ERP. Robots can then then perform a 3-way matching of invoices

Payments Processing

Automate pre- and post payment validation and reconciliation; notify exceptions; monitor and identify potential duplicate payments

Tell us about your Operational Challenges!

    Auxiliobits is a global Software Consulting and Artificial Intelligence advisory company. Auxiliobits drives digital transformation by reinventing enterprise operations through hyper-automation and AI enabled applications.

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