Advantages of Digital Accounts Receivables Process
Advantages of Digital Accounts Receivables Process As consumer-facing technologies for billing and payments has gone through a revolutionary change over the past decade, a similar transformation is now brewing on the back-end processes as well. The transformation of the Accounts’ Receivables process is now the key to improved, more agile and certainly more profitable business […]
Economist Whitepaper
Economist Whitepaper Executive summary Automation was once a term associated exclusively with manufacturing. Today, after three decades of advances in digital technology, there are few fields of organisational activity left untouched by it. Businesses in every industry are using software to automate the processes that guide their daily operations as they seek the efficiencies that […]
Cash Is King
“When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.”
Maximize Returns from Robotic Process Automation
Maximize Returns from Robotic Process Automation Robotic Process Automation is a paradigm shifting phenomenon for the global business operations, and requires adequate investment, leadership and vision to be able to deliver on the returns that it promises. Every organization and function that adapts automation does so with the right objectives, and yet we see so […]
How Social CRM Will Improve Your Customer Engagement
How Social CRM Will Improve Your Customer Engagement? With the advent of technological advancement, it has revolutionized the way customer does business with us. It is no longer about the price or product but about the customer experience. It has given rise to an entirely new breed of what we call ‘socially engaged customers.’ To […]
Interview With – Mr. Chris Gunning
INTERVIEW OF THE MONTH INTERVIEW WITH Mr. Chris Gunning, Global Functional Owner – CoE (Accounts & Commercial) Apollo Tyres A successful Global Shared Services SSC/GBS leader and talent/people manager, with significant Finance and Business Transformation experience, Designing, Building and Running operational Global Transaction Processing Centres, Regional Front Desk Service Delivery Centres Centres of Expertise and […]
Delivering Success with RPA
“First get the right people on the bus, the wrong people off the bus, and the right people in the right seats, and then they can figure out where to drive it.”
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.
