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Digital Engineering
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Automation Use Cases

Finance and Accounting Automation

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

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procure to pay

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REQUISITION PROCESSING

• Requisition Processing

• Requisition Support




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PO PROCESSING

• PO Processing

• PO Support

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SUPPLIER MASTER MANAGEMENT

• Supplier Master Management

• Master And Content Mgmt.

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VERIFICATION AND APPROVAL

• Database Review

• Preparing Activity Reports

• Account Review


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INVOICE PROCESSING

• Receipt Processing

• Cheque Preparation

• Cheque Handling

• Accounts Downloads

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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

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SUPPLIER PAYMENT

• Outsourcing Cheque Preparation Costs

• Cheque Preparation

• Cheque Handling, Sorting, and Stuffing

• Costs Mgmt. - Including Postage And Special Mail Or Pouches

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DISPUTE MANAGEMENT

• Dispute Identification

• Dispute Resolution

• Dispute Escalation and Arbitration

• Root Cause Eradication

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order to cash

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QUOTE MANAGEMENT

• Contract And Customer Approach

• Quote Process

• Customer Profitability

• Financing And Payment Methods

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ORDER MANAGEMENT

• Order Entry

• Order Processing

• Customer Service

• Contract Administration

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CUSTOMER BILLING

• Unbilled Management And Billing Triggers

• Bill Calculation And Verification

• Customized Billing

• Credit Note Processing

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CREDIT MANAGEMENT

• Customer Segmentation

• Customer Credit Management

• Credit Policy

• Commercial Interface

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CASH APPLICATIONS

• Cash Posting.

• AR Reconciliation.

• Unallocated And Unapplied Cash.

• Short Payments.

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COLLECTIONS MGMT.

• Collections Approach

• Collections Activity

• Targeting

• Litigation and Debt Provision

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Record to Report

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GENERAL LEDGER ACCOUNTING

• Manual Journal Entry Processing

• GL Reconciliation And Analysis

• GL Reporting

• Maintain GL

• Maintain Accounting Policies

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INTERCOMPANY ACCOUNTING

• Domestic Originating Activities

• Domestic Receiving Activities

• International Originating Activities

• International Receiving Activities

• International Reconciliations

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COST ACCOUNTING

• Product / Service Accounting

• Project Accounting

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FIXED ASSET

• FA Recording And Accounting

• FA Recording And Accounting

• FA Statutory Requirements

• Asset Control Activities And Policies.

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Recent Success

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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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LETS DISCOVER YOUR AUTOMATION ADOPTION POTENTIAL IN THE F&A FUNCTION