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 Traditionally Finance & Accounting teams have relied on large teams for data entry or outdated legacy software to get work done.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
Accounts Receivable
Sales Outstanding
Client Integration and Invoicing
Process customer forms and original data, collect complete invoice data, and elicit invoice on the business plan
Payment Bill
Auto-capture, info from depositions, emails, and web portals with clear invoices
Accounts Receivable
Sales Outstanding
Client Integration and Invoicing
Process customer forms, original data, collect complete invoice data and elicit invoice on the businesses plan
Payment Bill
Auto-capture info from depositions, emails, and web portals, equivalent installments with clear invoices
Inventory Turnover
Payable Outstanding
Logistic Management
Process logistics paperwork, track shipment, expedite orders, enable supplier follow ups, and update ERP/WMS systems
Inventory Turnover
Payable Outstanding
Logistic Management
Process logistics paperwork, track shipment, expedite orders, enable supplier follow ups, and upgrade EPR/WMS systems
Accounts Payable
Payable Outstanding
Invoice Processing
Extract information automatically from vendor invoices and purchase order details from ERP
Payment Processing
Automate validation of pre and post payments, communicate exclusions, recognize duplicate amounts
Accounts Payable
Payable Outstanding
Invoice Processing
Extract information automatically from vendor invoices and purchase order details from ERP
Payment Processing
Automate the validation of pre and post payments, communicate exclusions, recognize duplicate amounts
Treasury
Manage your accounts
Cash Management
Treasury
Manage your accounts
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
Enhance Governance and Control
Enable regulatory compliance, automate manual controls, and reinforce governance of financial processes
Improve Cash Flow
Optimize accounts payable and accounts receivable functions by automating invoicing and reconciliation workflows
Propel Financial Close
Deliver financial data on demand to drive external reporting and business decision making
Reduce Human Errors
Eliminate processing errors (copy & paste) across systems
Increase throughput
Complete automated tasks in minutes or seconds
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
Challenges faced by F&A
Introduction of RPA to F&A
Hyper Automation In F&A