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Showing posts with the label RPA Use Cases

Invoice Management With RPA -Robotic Process Automation

  Invoice management is a function performed within the organization related to appropriation and is accountable to process invoice process of the transactions between trader and distributor. As all other finance processes, invoice management has officially become a challenge to the organizations. The managing department is not able to overcome this issue as the high number of invoices has to be processed regularly from the raw information which is different formats. - The invoice process management also is known as Process Definition Document in RPA technology, which signifies the automation process of capturing the flow of a business process with a high level of precision. Traditional Invoice Processing Technique - The traditional invoice management process required significant human resources like a 5 members team and a lead which also faced a lot of challenges.   - If taking a case study of traditional invoice processing the total number of invoices handled yearly is ...

RPA – A CRUNCH TIME IN INDIAN ACCOUNTING

  Robotic Process Automation (RPA): A Crunch Time In Indian Accounting RPA Is Changing The Accounting And Finance Operations Fast. It Is Gaining Traction Fast. But Why? Read On… RPA is a hot cake now in Indian Accountancy . RPA can be used to reduce data transcribing tasks by 80% in accounts, financial close, tax accounting, and more . It’s a balm for the limitations of legacy and systems of finance and accountancy. The User interface (UI) based robotics is emerging as a feasible solution to streamlining Accounts, Finance, and Tax process that are still manual, repetitive, and time-consuming (despite IT and other automation efforts). Robotic Process Automation(RPA) use cases in Accounting and Finance Here’s a list of functions that RPA bots can do… Using Various Applications Opening emails and attachments Logging into applications Moving files and folders Integration Connecting to system APIs Reading and writing to databases Data Management Website and social media data Data p...