Automating Bank Reconciliation with RPA
When Bank Reconciliation is done manually
- Pose difficulty in comparing multiple transactions from multiple sources.
- Only suitable for small volumes and is a time-intensive process.
- Requires increased effort by the finance team and presents costly manual errors.
RPA helps in easing this process by matching the payment details with bank data and other records. If the details match, the records are reconciled. However, in case of any unmatched or suspicious transactions found, the software sends the records for further validation.
Finance & Accounting Transformation with Intelligent Automation
Enterprises around the world are embracing Robotic Process Automation to bring down costs and significantly accelerate the cycle time to processes. Avaali Solutions and UI Path have powered several leading organizations in automating business processes using RPA.
Future of Robotic Process Automation
Future of Robotic Process Automation Automation is no longer an alien term, almost all have seen some shape or form of automation affect our lives in the course of the past two decades of the new millennium. And now as we stand at the cusp of a new wave of the automation process, it is […]
The future of RPA
Enterprises have been spending millions of dollars in applications such as ERP, CRM, HRMS etc. Yet close to 80% of processes are still manual.