BOTs developed to read bank statements to fetch transactions while classifying them based on type, description, reference number, amount, etc.. BOT also logs transactions into ERP and reconciles based on invoice amounts, etc. BOTs are created to follow your processes and practices including reports generation. Here are a few improvements that contributed to realizing RoIe:
- 100% accuracy in bank and cash books
- Up to 90% reduction in manual efforts
- Complete reduction in manual keystroke errors
- Bank Reconciliation Statement prepared in 2-3 hours per bank each month
- Acknowledging and accounting for EFTs received accurately and in a timely fashion