Robotic Process Automation F&A | Use Cases | iOPEX

Finance and Accounting Automation

Explore the process areas in the Finance and Accounting and strengthen your automation capabilities

Procure to Pay

Requisition Processing

Requisition Processing
Requisition Support

PO Processing

PO Processing
PO Support

Supplier Master Management

Supplier Master Management
Master And Content Mgmt.

Verification and Approval

Database Review
Preparing Activity Reports
Account Review

Invoice Processing

Receipt Processing
Cheque Preparation
Cheque Handling
Accounts Downloads

Discrepancy Resolution

Price Or Quantity Differences
Missing Or Invalid PO Numbers
Follow-up On Aged Discrepant items
Error Correction From Systems
Errors Correction From Audits Or Sites

Supplier Payment

Outsourcing Cheque Preparation Costs
Cheque Preparation
Cheque Handling, Sorting, and Stuffing
Costs Mgmt. - Including Postage And Special Mail Or Pouches

Dispute Management

Dispute Identification
Dispute Resolution
Dispute Escalation and Arbitration
Root Cause Eradication

Order to Cash

Quote Management

Contract And Customer Approach
Quote Process
Customer Profitability
Financing And Payment Methods

Order Management

Order Entry
Order Processing
Customer Service
Contract Administration

Customer Billing

Unbilled Management And Billing Triggers
Bill Calculation And Verification
Customized Billing
Credit Note Processing

Credit Management

Customer Segmentation
Customer Credit Management
Credit Policy
Commercial Interface

Cash Applications

Cash Posting.
AR Reconciliation.
Unallocated And Unapplied Cash.
Short Payments.

Collections Management

Collections Approach
Collections Activity
Targeting
Litigation and Debt Provision

Record to Report

General Ledger Accounting

Manual Journal Entry Processing
GL Reconciliation And Analysis
GL Reporting
Maintain GL
Maintain Accounting Policies

Intercompany Accounting

Domestic Originating Activities
Domestic Receiving Activities
International Originating Activities
International Receiving Activities
International Reconciliations

Cost Accounting

Product / Service Accounting
Project Accounting

Fixed Asset

FA Recording And Accounting
FA Recording And Accounting
FA Statutory Requirements
Asset Control Activities And Policies.

Recent Success

Our Client: A leading music and podcast discovery platform

Business Challenge

To automate the insertion order (IO) for auditing process which consumed most of the time for ad ops analysts to validate the order with multiple platforms. Also verifying the campaign orders against the IO was causing additional challenges.

iOPEX Solution

iOPEX built a bot to access the IO received from the client for the order management system. Verified all the campaign order details against the campaign available to match the order. The bot also verifies the billing checklist for matching and moved to queue. Any exceptions were routed back to the ops team.

Results Delivered

Productivity increase by 25x, - 300 to 400 orders per day.
87% efficiency gain, 30 mins per order got reduced to 4 mins.
Current IO audit extraction & processing accuracy is at 70 to 80%.

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