Automate Your Invoice Management, Payment and More With Complete Finance Automation

Complete Financial Process Automation

Complete Financial Process Automation accumulates the different automation technologies you might already be familiar with and applies them to core finance processes. By taking a comprehensive approach and considering all the processes within a finance department, it can unlock a wealth of benefits for your organisation by focusing on:

Manual Steps and Tasks

High Criticality Processes

Rapid Flow and Influx of Data

An Example of Complete Automation in a Quote to Cash Process

Orange areas represent digital solutions built on one platform to streamline the process of interaction with customers and suppliers with internal systems and teams.

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Enjoy The Benefits of Automation Across Your Finance Department

  • Increased operational efficiency: Free your team from manual activities, allowing processes to execute faster with less effort.
  • Reduced likelihood of error: Eliminate human errors and ensure data integrity across all your financial systems. Manual tasks and transposition errors are a thing of the past.
  • Raise the profile of the finance function: Free up teams to focus on more valuable and strategic activities, showcasing the finance function as a key driver of success.
  • Improved customer experience: Automate interactions with customers, ensuring timely updates and a positive perception. Eliminate outdated methods like paper invoices.
  • Greater consistency: Automate processes to ensure activities are executed consistently and outputs meet expectations.
  • Improved employee engagement: Eliminate tedious tasks and keep teams motivated. Reduce turnover by offering a more engaging work environment.
  • Reduced risk and fraud: Gain greater control and visibility, minimizing opportunities for fraud.
  • Compliance with regulations: Consolidate data and auto-generate compliance reports, reducing the risk of fines and reputational damage.

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    Why Automate Finance Processes?

    • Eliminate manual data entry: Automate data keying of supplier invoices into Finance and ERP systems.
    • Digital invoice management: Automate coding, routing, and approvals of supplier invoices electronically.
    • Payment automation: Automate matching cheque and bank statement payments to sales ledgers and remittances.
    • Invoicing: Send invoices to customers via digital channels and send automated reminders.
    • Financial statement preparation: Automate the compilation of data from multiple sources to accelerate the financial close process.

    The Role of AI in Finance Automation

    Financial automation is supercharged by Artificial Intelligence (AI) technologies:

    • Machine Learning (ML): Analyzes your financial data, identifying patterns and key information.
    • Natural Language Processing (NLP): Understands financial lingo and extracts data points from documents.
    • Computer Vision (CV): Extracts data from receipts, invoices, and handwritten notes, eliminating manual entry.

    How We'll Approach Complete Financial Process Automation

    • People: User buy-in is crucial for successful technology adoption.
    • Process: Understanding existing processes is key for optimization.
    • Technology: The right technology can automate tasks and streamline workflows.

    Other Technologies Used in Finance Automation:

    • Cognitive Capture: Automates data capture from documents like invoices and expenses.
    • Robotic Process Automation (RPA): Automates repetitive tasks that involve data manipulation between systems.
    • Digital Workflows: Moves processes from manual to robust and efficient electronic workflows.
    • Communication Management: Streamlines communication with customers and suppliers.
    • Process Insight & Auditability: Provides visibility into financial processes for effective auditing.

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