A leading wholesale distributor processed vendor statement reconciliations monthly. They wanted to find ways to support their Accounts Payable (AP) team when processing documents.
We incorporated an RPA bot in the reconciliation process.
- Vendor statements were received by email,
- ABBYY scanned the documents,
- RPA bot created a vendor statement reconcile file,
- Identified the vendor code and company details,
- Logged in the ERP portal,
- Gathered information for the reconciliation,
- Conducted the vendor statement reconciliation,
- Presented the results in an Excel file, and
- An AP officer reviewed and actioned the exceptions found.
- Significant amount of time saved by having an RPA bot do the reconciliation.
- AP team could focus on other important jobs.
- The company saw payback within couple of months of implementing the bot.