T-Impact work with ambitious organisations seeking to drive change and achieve rapid ROI through digital transformation and some finance teams are already leveraging this technology.
Robotic Process Automation in accounting, finance and auditing gives you the ability to improve productivity, drive down costs and streamline compliance. It frees up time for you and your team to act proactively and focus on the strategic work that brings joy and adds value to your business.
Speak with one of our experts to learn how companies throughout the UK are using robotics and AI to transform their finance process automation, from accounts payable through to customer invoicing, ensuring higher levels of efficiency and compliance whilst drastically reducing costs.
Setting up accounts payable and customer invoicing has always involved a great deal of administration, which has traditionally been a manual process performed by bookkeepers and junior staff.
This often leads to data entry errors and consequently control reports are required to mitigate the risks.
For accounts receivable, timely collection of revenue is essential. To this end, customers need to receive regular reminders as well as being able to easily determine the net amount owed to pay businesses on time and ensure they can maintain positive cash flow.
Robotic Process Automation can automate every aspect of this process. It can open and scan supplier invoice emails, extracting key details such as VAT, the amount due and supplier information from digital or paper-based texts or scanned images before checking if the supplier exists in the finance system. If they don’t exist, then the record can be added automatically using extracted data. On the other hand, if the supplier exists, the robot can confirm the invoice with the person responsible and add it to the payments schedule.
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