TVS Next

Modernize your Finance & Accounting with intelligent automation

Leverage RPA to drive growth and save your team from daily manual grind

Leverage RPA to drive growth and save your team from daily manual grind

Reimagine Finance and Accounting

Reimagine Finance and Accounting

The number of transactions between businesses and their ecosystems continues to increase year-over-year. Traditionally Finance & Accounting teams have relied on large teams for data entry or outdated legacy software to get work done. These processes and systems are complex, slow, expensive and error-prone, resulting in missed SLAs, lost revenue, and unhappy customers.

It doesn’t have to be that way any longer. With Robotic Process Automation (RPA) you can streamline operations, eliminate cumbersome manual processes, and free up your workforce to deliver more impactful and innovative workloads. RPA enables better risk management and compliance, higher accuracy, better cycle times and improved throughput driving end-of-month reporting and lowering the Days Sales Outstanding (DSO) value.

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By 2024, organizations will lower operational costs by 30% by combining hyper-automation technologies with redesigned operational processes.

 Source: Gartner

Why leverage TVS Next

Why leverage TVS Next

TVS Next with its capabilities across Engineering, Intelligence and Experiences with its partner ecosystem has ability to manage diverse processes, output types and data with greater accuracy. We can help you digitize every imaginable process in Finance & Accounting to decrease wasted manual effort and increase output and productivity.

TVS Next with its capabilities across Engineering, Intelligence and Experiences with its partner ecosystem has ability to manage diverse processes, output types and data with greater accuracy. We can help you digitize every imaginable process in Finance & Accounting to decrease wasted manual effort and increase output and productivity.

50+

Successful RPA Engagements

65+

RPA Certified Engineers

40+

Unique processes handled

300+

Bots built till date

 

 

By 2024, organizations will lower operational costs by 30% by combining hyper-automation technologies with redesigned operational processes.

 Source – Gartner’s research

Why leverage TVS Next

TVS Next with its capabilities across Engineering, Intelligence and Experiences with its partner ecosystem has ability to manage diverse processes, output types and data with greater accuracy. We can help you digitize every imaginable process in Finance & Accounting to decrease wasted manual effort and increase output and productivity.

50+

Successful RPA Engagements

65+

RPA Certified Engineers

40+

Unique processes handled

300+

Bots built till date

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Accounts Receivable

Sales Outstanding

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Client Integration and Invoicing

Process customer forms and original data, collect complete invoice data, and elicit invoice on the business plan

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Payment Bill

Auto-capture, info from depositions, emails, and web portals with clear invoices

Accounts Receivable

Sales Outstanding

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Client Integration and Invoicing

Process customer forms, original data, collect complete invoice data and elicit invoice on the businesses plan

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Payment Bill

Auto-capture info from depositions, emails, and web portals, equivalent installments with clear invoices

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Inventory Turnover

Payable Outstanding

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Logistic Management

Process logistics paperwork, track shipment, expedite orders, enable supplier follow ups, and update ERP/WMS systems

Inventory Turnover

Payable Outstanding

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Logistic Management

Process logistics paperwork, track shipment, expedite orders, enable supplier follow ups, and upgrade EPR/WMS systems

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Accounts Payable

Payable Outstanding

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Invoice Processing

Extract information automatically from vendor invoices and purchase order details from ERP

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Payment Processing

Automate validation of pre and post payments, communicate exclusions, recognize duplicate amounts

Accounts Payable

Payable Outstanding

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Invoice Processing

Extract information automatically from vendor invoices and purchase order details from ERP

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Payment Processing

Automate the validation of pre and post payments, communicate exclusions, recognize duplicate amounts

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Treasury

Manage your accounts

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Cash Management

Manage core treasury repetitive tasks such as cash management and payments, processing account statements, cash positioning, cash forecasting and payment fraud detection

Treasury

Manage your accounts

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Cash Management

Manage core treasury repetitive tasks such as cash management and payments, processing account statements, cash positioning, cash forecasting and payment fraud detection

Benefits of Leveraging RPA for F&A

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Enhance Governance and Control

Enable regulatory compliance, automate manual controls, and reinforce governance of financial processes

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Improve Cash Flow

Optimize accounts payable and accounts receivable functions by automating invoicing and reconciliation workflows

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Propel Financial Close

Deliver financial data on demand to drive external reporting and business decision making

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Reduce Human Errors

Eliminate processing errors (copy & paste) across systems

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Increase throughput

Complete automated tasks in minutes or seconds

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Manage Risks

Analyze behaviors for risk and drive next best action

How do you get started with RPA?

We’ve traveled with many companies on their modernization journeys. We find that the most successful initiatives follow three stages.

Stage 1

Set the ground to propel ahead on a transformative RPA initiative. Verify RPA’s advantages through pilot projects and agile victories

Stage 2

Balance automation by concentrating primarily on top-down, cross-enterprise possibilities with great influence, and create your automation abilities and design (like the Center of Excellence (CoE))

Stage 3

Enhance a completely modernized organization by apprehending automation opportunities across the industry

WHITEPAPER: Modernize your Finance & Accounting with intelligent automation

WHITEPAPER: Modernize your Finance & Accounting with intelligent automation

Your Finance and Accounts team might feel like they’re stepping on a tight rope between holding a wholesome cash flow and sustaining supplier relationships. Sufficing for both aims can be challenging, particularly if the company depends on incompetent methods such as old-fashioned record-keeping and posting checks.

In this whitepaper, learn about

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Challenges faced by F&A

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Introduction of RPA to F&A

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Hyper Automation In F&A