- Delivers a quantum uplift in process performance for account reconciliations
- Saves 85% of accountant’s time completing reconciliation process
- Saves 25% of personnel’s time spent on research and fixing breaks
- More than $20M risk eliminated for $1B turnover
- Go Live in less than 4 weeks
PROBLEM
- The process is error prone and expensive
- Prone to manual errors and requires a large workforce
- Variances between parties and errors in Financial statements
- Large volumes and high cycle time. Lack of standardization
- Regulatory changes, changing reconciliations requirements and late error detection
SOLUTION
- Timely period closing of accounting books
- Redeploy workforce to other tasks
- Eliminate errors in the current process
- Increase compliance
- Reconciliation capability for intercompany; customer, vendor and bank statement; GL balance sheet; statement of accounts and fixed asset records
TECHNOLOGY
- Intelligent OCR/IMR proprietary technology
- Cognitive analysis of data
- Proprietary pre-build assets
- Intelligent Automation
349total visits,2visits today