Automate your Finance
Function!
This allows the finance team to focus on high-value, strategic work, increasing overall accuracy and capacity.
98% of sales order workload can be shifted to robots
80% faster reconciliation times
2X greater transaction processing capacity
Procure to Pay
Negative experiences arise from the burden of manual and repetitive tasks, along with disjointed application environments. Enhance your Days Payable Outstanding (DPO) by expediting invoice processing and revamp the supplier experience through quicker onboarding and more efficient communication.
Order to Cash
Enhance the customer experience, lower Days Sales Outstanding (DSO), and boost collaboration, cost control, and cash flow.
Digitize data input, automate sales order entry and billing, enhance productivity, and eliminate billing errors for increased operating leverage.
Record to Report
Improve business reporting internally and externally for improved growth and engagement within the accounting team.
Automate complex journal entries, extract monthly reports efficiently, and minimize processing times for disclosure.
Treasury
Empower treasury analysts to swiftly identify investment opportunities with increased accuracy, confidence, and speed, reducing uninvested cash through improved cash-forecast reliability.
Digitize reconciliation processes, eliminate workflow errors, and automate data extraction, allowing analysts to allocate more time to strategic tasks.
01
Process Payment
Utilize Document Understanding to enable robots to read processed invoice, digitizing your payment procedure. Enchance efficiency with AI and machine learning smooth operations. Manage payment reconciliations and address any exceptions that arise.
Business Use Cases:
- Execute the payment process
- Conduct the initial payment review
- Oversee payment reconciliartions
- Address any payment exceptions.
02
Generate Reports
Provide extensive deep analytics and robust reporting optimize and automate a critical aspect of your business.
Business Use Cases:
- Create standardized reports
- Distribute and oversee report management
- Establish reporting processes and policies
- Generate ad-hoc reports.
03
Manage Procure Activities
Optimize operations by automating purchasing, receipt of good, and services. seamlessly integrate with accounts payable for an efficient purchase-to-pay reducing payment turnaround times with swift documents processing.
Business Use Cases:
- Evaluate performance
- Create procurement strategies and processes
- Oversee relationships with suppliers and vendors.
04
Purchase goods & Services
Automa ting P2P enhances supplier collaboration, employee satisfaction, productivity, profitability, and fosters better supplier relationships. By leveraging automation, the P2P cycle becomes faster and more reliable, ensuring supplier contentment and reducing risk.
Business Use Cases:
- Initiate and submit requisitions
- Generate purchase orders
- Forward purchase orders to vendors
- Oversee requisition approvals
- Handle purchase order approvals.
05
Receive Goods & Services
Robotic automation enhances the goods receipt (GR) process by digitizing and automating tasks. This boosts inventory accuracy, offers precise data for finance's 3-way invoice matching, and facilitates efficient payment authorization. This optimization maximizes early payment discounts and fosters improved supplier relationships.
Business Use Cases:
- Handle receipts
- Accept goods and services
- Address discrepancies and returns
- Oversee inventory management
06
Process Invoices
Enhance invoice processing accuracy with Al-driven automation (UiPath Document Understanding). Digitize workflows for collecting, validating,and storing invoices, allowing robots to efficiently extract and process data from various sources. including PDFs, images. handwriting, and scans.
Business Use Cases:
- Collect, digitize. and store invoices manually
- Process electronic invoices, validate and manage invoice data
- Submit transactions for processing
- Handle matching discrepancies.
01
Customer Onboarding
Efficiently streamline manual finance processes, aiding new customer onboarding. Our robots facilitate your growth by handling applications, managing terms, contracts, and negotiating pricing for you.
Business Use Cases:
- Establish and maintain the product master
- Configure customer profiles in systems
- Oversee customer master data
- Generate and oversee reports
- Assess and approve customer applications
- Handle terms and conditions
- Negotiate pricing and contract terms
- Manage customer contracts.
02
Access & Manage Credit
Efficiently manage credit operations with business automation to streamline report development, assessments, credit checks, and ensure timely payments.
Business Use Cases:
- Set up credit and risk strategies, processes, and policies
- Create and oversee reports
- Evaluate new customer credit
- Conduct credit checks.
03
Manage Quote to Order
Enhance efficiency in managing customized quotes through automation and Al-powered technology. Ensure accurate quotes, correct order fulfillment, and seamless issue resolution, ultimately boosting customer satisfaction and potentially increasing sales and revenue for your organization.
Business Use Cases:
- Identify, handle, and assess leads.
- Generate and oversee customer orders
- Initiate sales quotes, manage reports
- Prioritize opportunities
- Authorize pricing, discounts, and promotions
- Negotiate and finalize sales.
04
Process & Fulfill Order
Optimize the customer order fulfillment process with our innovative automation platform. Digitize order management to enhance inventory, returns, and reporting, ultimately increasing productivity and ensuring customer satisfaction.
Business Use Cases:
- Execute orders, oversee shipping and inventory
- Handle returns and exchanges
- Generate and oversee reports
- Manage rebates and chargebacks
- Establish order management strategies, processes, and policies
- Oversee overall order management.
05
Invoice Customers
Optimize invoicing processes with RPA to eliminate manual work, resulting in a threefold increase in productivity.
Business Use Cases:
- Generate invoices
- Invoice validation and distribution
- Post receivables to general ledger
- Create and manage reports
- Create invoicing process and policies
06
Process A/R & Collections
Address cash processing, debt management, and optimize accounts receivable (A/R) and collections strategy to reduce overdue payments and Days Sales Outstanding (DSO). Software robots handle tasks like collecting bank statements and inputting financial data into the A/R system, streamlining payment matching to open invoices.
Business Use Cases:
- Process cash applications against open invoices
- Prepare aging and bad debt analysis
- Create and manage reports
- Manage customer collections
- Develop A/R and collections strategy, process, and policy
- Issue statements
07
Manage Cash
Effectively overseeing your company's cashflow is essential, and it's further enhanced through data-driven decision-making. This includes assessing available cash, reconciling and reporting cash, and monitoring its performance.
Business Use Cases:
- Prepare and review daily cash
- Perform balance reporting
- Collect bank reconciliations
- Create and manage reports
- Monitor banking performance
08
Process Customer Inquiries & Complaints
UiPath's process mining solution offers insights into the performance of the order-to-cash (O2C) process, allowing identification of root causes for any issues. When integrated with RPA, this combination results in significant efficiency gains, cost savings, and enhanced customer satisfaction.
Business Use Cases:
- Develop cash management strategy, process, and policies
- Develop service strategy, process, and policies
- Process inquiries
- Review customer complaints
- Communicate resolution to customer
01
Planning & Management Accounting
Empower your business by allowing our automation platform to handle repetitive accounting tasks. This shift enables your team of experts to focus on more strategic work. Software robots seamlessly bridge gaps in disparate systems and eliminate the manual effort involved in integrating data from multiple sources.
Business Use Cases:
- Perform planning/budgeting/forecasting
- Perform cost accounting and control
- Perform cost management
- Evaluate and manage financial performance
02
General Accounting & Reporting
Implement innovative accounting practices, streamline reporting functions, and oversee business policies and procedures with Al-powered automation. Decision-makers gain valuable perspectives for making swift decisions related to budgets, forecasts, strategies, and governance.
Business Use Cases:
- Perform general accounting
- Perform fixed asset accounting
- Perform financial reporting
- Manage GA policies and procedures
03
Fixed Asset Project Accounting
Digitize activities associated with capital planning and project accounting to expedite project approvals.
Business Use Cases:
- Conduct capital planning and project approval
- Manage capital project accounting.
04
Payroll Accounting
Leverage robots to record time and generate and process payroll for your most valuable asset-your employees.
Business Use Cases:
- Record working hours
- Generate payroll entries for posting into the general ledger.
01
Manage Treasury Processes & Procedures
Efficiently manage essential treasury procedures, overseeing cashflow, financial assets, and liquidity to meet financial obligations. Introduce automation to enhance processes, establish scope, and mitigate risk intelligently.
Business Use Cases:
- Establish scope and governance of treasury operations
- Establish and publish treasury policies
- Develop, monitor, audit, and revise treasury procedures
- Develop and confirm internal controls for treasury
- Define system security requirements
02
Manage Cash
Effective administration involves monitoring and analyzing cashflow, implementing forecasting techniques, and strategies to ensure ample cash reserves for meeting financial obligations.
Business Use Cases:
- Produce cash management account transactions and reports
- Download bank statements and reconcile cash positions
- Preparation of cash equivalents report
- Process and oversee electronic fund transfers
- Develop cash flow forecasts
- Manage and oversee banking relationships
- Analyze, negotiate, resolve, and confirm bank fees
03
Manage Debt & Investment
Efficient treasury management, especially when incorporating business automation and Al, optimizes liquidity and improves overall financial performance for your company.
Business Use Cases:
- Manage liquidity
- Manage issuer exposure
- Process and oversee debt and investment transactions
- Process and oversee foreign currency transactions
- Produce debt and investment account transaction reports
- Process and oversee interest rate transactions
- Manage financial intermediary relationships
Key areas in Finance to leverage automation
- Accounts Receivable
Day Sales Outstanding - Inventory Turnover Days
Inventory Outstanding - Accounts Payable
Days Payable Outstanding
Customer Onboarding and Invoicing
Process customer forms, master data, aggregates invoice data and triggers invoice on sales order and goods receipts
Cash Application
Auto-capture and read remittance info from checks, emails, and web portals, match payments with open invoices
Logistics Management
Process logisticspaperwork, tracking shipment, expediting of orders, supplier follow ups and update ERP and WMS systems
Invoice Processing
Auto-extract information from vendor invoices and purchase order details from ERP. Robots can then then perform a 3-way matching of invoices
Payments Processing
Automate pre- and post payment validation and reconciliation; notify exceptions; monitor and identify potential duplicate payments