Streamlining Accounts Payable for a Financial Services Company
The Client
A leading global investment bank with a high volume of invoices.
The Requirement
Automate accounts payable processes to improve efficiency and reduce errors.
The Challenges
Manual invoice processing was time-consuming, prone to errors, and lacked real-time visibility into the process.
Our Solution
Implemented a Robotic Process Automation (RPA) solution to automate data entry, invoice verification, and payment processing.Developed a workflow management system to track invoices and ensure timely approvals.
The Business Impact We Delivered
Reduced invoice processing time by 70%.
Minimized errors in data entry and payment processing.
Improved visibility and control over accounts payable processes.
Qualifications & Skillsets We Leveraged
Expertise in RPA technology and financial data management.
Technologies Used
UiPathBlue PrismMicrosoft Power Automate
Compliance
Sarbanes-Oxley Act (SOX)
Security
Secure access controls for the RPA platform.
Encryption of sensitive financial data.
Regular security audits and penetration testing.
The Final Outcome
A streamlined and efficient accounts payable process that saved time, improved accuracy, and enhanced compliance.
Contact Information
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