radar
iOPEX
logo menu
close
Digital Engineering
stop_circle
Automation Use Cases

Finance and Accounting Automation

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

Fiwa Banner
particle particle
space_bar

procure to pay

space_bar
plus
REQUISITION PROCESSING

• Requisition Processing

• Requisition Support




plus
PO PROCESSING

• PO Processing

• PO Support

plus
SUPPLIER MASTER MANAGEMENT

• Supplier Master Management

• Master And Content Mgmt.

plus
VERIFICATION AND APPROVAL

• Database Review

• Preparing Activity Reports

• Account Review


plus
INVOICE PROCESSING

• Receipt Processing

• Cheque Preparation

• Cheque Handling

• Accounts Downloads

plus
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

plus
SUPPLIER PAYMENT

• Outsourcing Cheque Preparation Costs

• Cheque Preparation

• Cheque Handling, Sorting, and Stuffing

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

plus
DISPUTE MANAGEMENT

• Dispute Identification

• Dispute Resolution

• Dispute Escalation and Arbitration

• Root Cause Eradication

space_bar

order to cash

space_bar
white arrow
QUOTE MANAGEMENT

• Contract And Customer Approach

• Quote Process

• Customer Profitability

• Financing And Payment Methods

white arrow
ORDER MANAGEMENT

• Order Entry

• Order Processing

• Customer Service

• Contract Administration

white arrow
CUSTOMER BILLING

• Unbilled Management And Billing Triggers

• Bill Calculation And Verification

• Customized Billing

• Credit Note Processing

white arrow
CREDIT MANAGEMENT

• Customer Segmentation

• Customer Credit Management

• Credit Policy

• Commercial Interface

white arrow
CASH APPLICATIONS

• Cash Posting.

• AR Reconciliation.

• Unallocated And Unapplied Cash.

• Short Payments.

white arrow
COLLECTIONS MGMT.

• Collections Approach

• Collections Activity

• Targeting

• Litigation and Debt Provision

space_bar

Record to Report

space_bar
plus
GENERAL LEDGER ACCOUNTING

• Manual Journal Entry Processing

• GL Reconciliation And Analysis

• GL Reporting

• Maintain GL

• Maintain Accounting Policies

plus
INTERCOMPANY ACCOUNTING

• Domestic Originating Activities

• Domestic Receiving Activities

• International Originating Activities

• International Receiving Activities

• International Reconciliations

plus
COST ACCOUNTING

• Product / Service Accounting

• Project Accounting

plus
FIXED ASSET

• FA Recording And Accounting

• FA Recording And Accounting

• FA Statutory Requirements

• Asset Control Activities And Policies.

thumbnail
particle
particle
space_bar

Recent Success

space_bar

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%. 
Banner
LETS DISCOVER YOUR AUTOMATION ADOPTION POTENTIAL IN THE F&A FUNCTION
Talk-to-the-experts-1 Talk-to-the-experts-2
Close-Button