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.
Get 100% accuracy on your financial statements through RPA in a fraction of the time!
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AG-designed Bot for Efficient Reconciliation Automation Process
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 Configuration Steps
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
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
Accelerating business processes with AG Community Automation Solutions
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