For every accounting problem there is a
SOLUTION
Machine Learning is all about continuous learning and evolution of bots. This is how we helped a real estate giant collect money faster by automating the receivables process. The resulting working capital efficiency improved by 35%.
There are no big problems.
There are just a lot of little problems
Inaccurate reporting. Missed deadlines. Compliance shortfalls. Delayed book closing. Foggy visibility into company’s financial health. Dissatisfied accountants (who likes repetitive transactional work!)
A panacea – the universal medicine – for these little problems is automation. Not just any automation, but intelligent automation that understands your business and thinks on behalf of it.
Read on to find how we deploy our AI and ML-based bot to seamlessly transition your manual accounting labour into a value-adding finance function.
How we create relief
What you want to achieve is clearly defined & a blueprint is created.
Performing data cleansing and ensuring quality data
Exploring possibilities and narrowing down to the most effective & efficient solution
Transforming from design to production – components are built from scratch or composition
Testing the system to make sure it can handle real–world scenarios
Analysing data to gain valuable insights to improve the performance
Deploy intelligent automation in your manual workflow
Automating Billing Processing
- Raises invoices to customers
- Receives payments through Cheque/NEFT/payment gateway
- Allocates payments received in finance system
- Sends reminders to customers for overdue invoices
- Bot creates & sends invoices to customers
- Based on bank statement bot identifies overdue invoices and send reminders
- Users receive invoice
- Manually verifies the values
- Copies invoice data to finance system
- Initiates payments
- Reports completion
- Bot scans the received invoices
- Extracts values and runs business rules
- Publishes the invoice data in the finance system
- Initiates payments or sends for approval
- Generates reports
Automating Invoice Processing
Automating Billing Processing
--> Flip to see the magic
Based on bank statement bot identifies overdue invoices and send reminders
Manually verifies the values
Copies invoice data to finance system
Initiates payments
Reports completion
--> Flip to see the magic
Extracts values and runs business rules
Publishes the invoice data in the finance system
Initiates payments or sends for approval
Generates reports