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Case Study

RPA: Automation of Bank Reconciliation

Client – FMCG Company in UAE

The Process

The process entails reconciling of 70+ bank accounts in 6 Banks with the Ledger book (MS Dynamics ERP).

The Challenge

  • The process was time consuming and repetitive.
  • The process needed to be performed daily to check for any discrepancies and to detect fraudulent transactions.
  • Errors at any stage of the process would require the entire reconciliation to be reworked.

The Solution

  • The process was automated end-to-end leveraging the RPA tool.
  • The bot downloads and reconciles 70+ bank accounts.
  • A detailed report of discrepancies will be sent to SME for further actions.

The Benefits

  • 95% effort automated and Quality improvement to 100% accuracy.
  • Higher standardization of process
  • Re Deployment of 2 FTE to value added tasks. 4.Improved SLAs on report submission as Processing time is reduced by 80%.

Automation platform  

Automation Anywhere v11.5

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