Following are some jobs Robots have been trained to perform within Finance and Accounting:

Accounts receivable processing
  • Credit approvals and customer master file maintenance
  • Order processing
  • A/R cash receipts processing and sending late notices via email
Accounts payable processing
  • Vendor setup and maintenance
  • Automating the workflow processes and approvals
  • Data entry and payments preparation
  • Automating processing of payments and bulk payment files for journal entries to sub-syste
Operational finance and accounting
  • Automating pricing reviews based on customer contracts and pre-approved price lists
  • Calculation and processing of rebates
  • Downloading of detailed monthly sales data and calculations of commissions
  • Creating files and emails to gain approvals
  • Posting to detailed sub systems and general ledger
Standard journal entries
  • Creation of standard monthly journal entries using pre-populated templates from different business users
  • Performing validation analytics
  • Posting to ERP
Account reconciliations
  • Automating download of subaccount balances into preapproved format
  • Upload detailed data from various sub systems
  • Perform data validation and basic research for exceptions
  • Creating balancing journal entries to handle discrepancies
Bank reconciliations
  • Automating the download of bank statements for individual accounts
  • Creating text files and storing in appropriate folders
  • Reconciliation of balance and transactions to core finance sub system
  • Creating balancing journal entries to handle discrepancies
Intercompany reconciliation
  • Automated checking and reconciliation of intercompany balances
  • Basic research and reporting for exceptions
  • Creating exception file and email report for finance review and approval
Financial review prep
  • Automating the preparation of management review slide decks by collecting data from multiple finance systems and reports
Regulatory reporting
  • Data capture and cleansing to support automated generation of regulatory report
  • Pre-populating complex annual reporting
Financial planning and analysis
  • Automating the pre-population of forecasts using historical and market data
  • Loading pre-populated balances into the planning system
  • Creating variance reports

Contact us today to discuss your RPA journey, where you might be in relation to other Finance and Accounting groups and how we can help, quickly and cost effectively