Case Study - Automation of Reconciliation Process

Automation of reconciliation process

Challenges

Downloading statements from Banking portal and other financial portals for all 31 outlets on daily basis

Update each outlets corresponding sales clearing reconciliation sheet to verify if there is any miss match in collections, charges

Calculate variance for all 31 outlets for one month data

Action taken

Capture data from various sources, e.g. email, third-party applications

Step 1

Captures all the vital details from several unstructured data sets and feed them into ERP with very high accuracy

Step 2

Auto-task management and intelligent notifications

Step 3

Manage and track transactions using reports

Step 4

The Problem

Reconcile payments and calculate the variance for all the retail outlets on a day-to-day basis

The Result

95% - Reduction in Manual Effort for performing reconciliations

The Solution

Bautomate bot updates the Main Reconciliation sheet template as per each outlet for different payment mode

86.5% - Reduction in Cost, especially previously spent in manual tasks

The Problem

Reconcile payments and calculate the variance for all the retail outlets on a day-to-day basis

The Solution

Bautomate bot updates the Main Reconciliation sheet template as per each outlet for different payment mode

The Result

95% - Reduction in Manual Effort for performing reconciliations

86.5% - Reduction in Cost, especially previously spent in manual tasks

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Automation of reconciliation process

Challenges

Action taken

The Problem

The Result

The Solution

The Problem

The Solution

The Result

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