RPA for Finance & Accounting
Increase Financial Processing Efficiency by Eliminating Manual Work
If you’re like most organizations today, automation of your financial operations through advanced capture and workflow has delivered more efficient and transparent processes, lower processing costs and optimized cash flow. But, with increasing transaction volumes and ever-mounting pressures to do more with less, many organizations are looking for ways to eliminate the remaining manual work and increase the degree of automation across their finance and accounting processes.
Robotic process automation (RPA) is quickly emerging as a solution to extend automation in finance, and recent research reveals that many organizations believe it will have a significant impact on transforming financial processes in procure-to-pay, order-to-cash, and record-to-report, over the next decade.
RPA for finance and accounting can fill gaps in automation and streamline unique processes that exist outside of your core systems and workflow processes by deploying intelligent software robots. This reduces costs and frees up resources to be reallocated to more value-added tasks. Combined with financial process automation solutions, it provides the most comprehensive solution for automation across your finance and accounting processes.
Implement Enterprise-Class AP Automation with Any ERP
Process robots automate manual, repetitive, information-driven processes and AP processing is the ideal application. RPA can be programmed to extract invoice data perform database look-ups and even automate 3-way matching.
Using a custom or uncommon accounting software or ERP can make it difficult to find the right automation solutions to support invoice processing and AP automation. Integration for AP delivers connectors that are easy to deploy and flexible to modify against any system—even the most uncommon and customer ERP systems—lowering support costs and helping you solve integration challenges unique to your business.
Streamline eInvoicing Even Further with Portal Integration
eInvoicing promises advances in AP and AR automation but usually delivers a proliferation of networks and standards, and the need to manually transfer files between dozens of portals and your ERP. Transact through a single system and quickly develop robots that pull together the information you need from all of the portals, eliminating manual updates, delays and errors.
Increase Financial Close Efficiency and Confidence
Robotic process automation can help aggregate information across the enterprise, streamline reconciliations, and manage the hundreds of tasks that are triggered between each step of the financial close process. Strengthen internal controls, reduce days to close, control the high cost of financial resources, and tame the chaos of your month, quarter and year-end close.
Process Incoming Purchase Orders Faster
Combine capture and workflow order automation, with robots that can reach out to any system to validate prices or update inventory or CRM systems, and you will automate the processing of incoming purchase orders – one of the most manual processes organizations face today. Experience the benefits of faster purchase order processing, including fewer errors, lower costs and improved customer service.
Redefine Automation Possibilities with a Single Platform
Transform common and unique financial processes with a combination of financial process automation and robotic process automation solutions from a single vendor. Test the limits of your process performance improvement measures with access to the most comprehensive solutions for your finance and accounting problems.
The Kofax Kapow™ Robotic Automation Process (RPA) software automates business processes using smart software robots that run seven days a week, 24 hours a day, helping enterprises, BPO providers and shared service organizations around the world achieve exceptional benefits in operational quality, speed and cost.