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SAP Balance Sheet Reconciliation Automation


Streamline the process of Balance Sheet Reconciliation within SAP through Robotic Process automation!

Our pre-built RPA bots are error-free and save significant time on repetitive accounting tasks.

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Get 100% accuracy on your financial statements through RPA in a fraction of the time!

It’s estimated that 30-40% of a Finance and Accounting team’s time is spent on account reconciliation. Through our RPA bots, we use the latest advancements in RPA artificial intelligence to implement best-in-class reconciliation processes to produce error-free results on repetitive. This automation frees up valuable time within your accounting team, allowing them to focus on strategic activities, such as reporting and analysis, to provide accurate insights into business performance and to help you make the best decisions based on accurate data.
 
With the removal of human error, our RPA processes improve the quality and accuracy of your data and are tailored to the individual requirements of your business.
 
The video shows how our solution works, highlighting how we saved one of our customers 500+ hours yearly. Our  smart bot for balance sheet reconcilation powered by RPA is now available on the SAP Store.Try it for free.

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AG-designed Bot for Efficient Reconciliation Automation Process

A diagram of a sap balance sheet reconciliation

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The Solution

At AG, we have developed a balance reconciliation bot powered by RPA technology that automates regular monthly end processes for finance departments. It makes balance reconciliation for multiple accounts and company codes simple, faster and accurate. It creates formatted user-friendly reconciliation reports in minutes, which otherwise would require almost a day for a business user. With this bot, reconciliation can be repeatedly run several times a month and get a clear view of the balance information of GL accounts on time. With built-in AI capabilities, the bot provides intelligence to the finance team and handles all operations effectively.

Bot Overview

  • Business Process - Finance
  • Category - Finance Reconciliation
  • Vendor - AG Consultancy
  • Automation Type - Unattended Robot 

Bot Configuration Steps

  • Runs through the list of company codes and GL accounts.
  • Logs into SAP
  • Extracts GL Line-Item report
  • Extracts GL balance report
  • Performs Lookups & Formatting
  • Sends report to recipients 

Key Features

Eliminating monotonous office work

  • Fully automated financial reporting anytime
  • Fast and effective usage of resources
  • Eliminates routine and mundane invoice processing

Reduces human errors

  • Error-free financial processes
  • Improved efficiencies and turnaround times
  • Maintain high accuracy standards

Bot workflow customised to business-rules.

  • Searches and finds documents based on parameters
  • Checks through documents for consistency in details provided
  • Status of the process reported

Run the bot out of office hours.

  • Manages invoice processing 24/7
  • Provides insight by generating crucial reports anytime
  • Increase in productivity while saving man-hours

Key Benefits

Direct ROI (Insight-Driven Investment Decisions)

  • Saves up to 500+ man hours per annum (from 1 + FTE's)
  • Automated process even out of normal business hours
  • Ensures faster clearance of payments based on company accounts balance

Creates Central Repository for Balance Sheet Account Reconciliations

  • Reports are stored in shared location for common access
  • Relevant business users and leads are notified
  • Ensures faster payments clearance based on company accounts balance

Reduces Human-Made Errors almost to Zero

  • Handles data from many company code & GL accounts with accuracy
  • Eliminates chances of incorrect balance settlements and overpayments
  • Makes auditing less cumbersome

Transparency and Visibility

  • Better tracking and visibility of balance statement
  • Derive insights with end-to-end analytics, monitoring, and reporting
  • Ensure strict adherence to finance processes

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