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Effective URL: https://www.uipath.com/solutions/department/finance-and-accounting-automation
Submission Tags: falconsandbox
Submission: On April 30 via api from US — Scanned from DE
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* PLATFORM PLATFORM * * Platform The UiPath Business Automation Platform covers your automation needs across each step of the journey. * Products See what products we offer as part of the platform. * Pricing * Support * Free trials and downloads * Platform The UiPath Business Automation Platform covers your automation needs across each step of the journey. * DISCOVER Identify the highest-ROI opportunities for continuous process optimization and automation using the power of AI. Process mining Task mining Communications mining Idea capture and management * AUTOMATE Rapidly build AI-powered automation that seamlessly collaborates with people and systems to transform every facet of work. UI and API automation Low-code development Generative AI and experiences Intelligent document processing & specialized AI Process orchestration * OPERATE Establish an enterprise-grade foundation to run and optimize a mission-critical automation program at high scale. Real-time and trend analytics Continuous testing Unified management and governance Cloud-first flexibility Discover the UiPath Business Automation Platform * AI Summit: Turn AI potential into results Watch the replay Products See what products we offer as part of the platform. * FEATURED Some of our most popular products, and other products we think you would be interested in. Process Mining Test Manager Orchestrator Automation Cloud™ Robots Assistant * DEVELOPER The developer’s toolbox for building AI-powered automations and apps across any technology. Studio Integration Service Apps Robots Computer Vision * AI From specialized AI solutions to generative AI experiences—all in a single, enterprise-grade platform. Autopilot™ Document Understanding Communications Mining Clipboard AI AI Center™ See all our product offerings: All UiPath Products * GenAI trained for document processing: Advancing business operations at scale Read the blog * SOLUTIONS SOLUTIONS * Webinars Learn best practices from industry experts. Customer stories Gather insight, read success stories, and more. * By industry Banking & financial services Healthcare Insurance Public sector Manufacturing All industries * By department Supply chain Finance & accounting HR QA / Testing Contact center All departments * By technology Amazon Web Services (AWS) Microsoft Google Cloud SAP Amelia Technology solutions overview * The best of UiPath, headed your way: May-July '24 Learn more * RESOURCES RESOURCES * dive in Academy Learn the skills of the future with free online automation training. Documentation Explore product documentation and guides. Events Get up close and personal with our people and products. * Get Started What is RPA RPA journey AI & RPA What is citizen development What is process mining The fully automated enterprise UiPath Blog * Become an Expert Academy Academic Alliance Digital Credentials Certifications Customer Stories Webinars Demos and videos White papers Analyst reports See all resources * Get Support Customer support Customer Portal Documentation Community Forum Marketplace Professional services Find a partner * UiPath is an Everest Group IDP PEAK Matrix® Leader for the second year in a row. See why * ABOUT ABOUT * About us Learn about our company’s mission and vision. UiPath Partner Network Work with a partner to help your company reach new heights of automation. * Company About us Careers Newsroom UiPath using UiPath Our Impact Investor Relations Trust & security * Partners UiPath Partner Network Find a partner Become a partner Grow as a partner Business Partner Portal Technology Partner Portal * Turn AI hype into business results: Top takeaways from UiPath AI Summit 2024 Read the blog Search All uipath.com Forum Docs Close * Contact us * Sign in Try UiPath Free Solutions By Department Finance and Accounting Automation LET OUR INTELLIGENT FINANCE AND ACCOUNTING AUTOMATION CRUNCH THE NUMBERS SO YOU CAN TRANSFORM YOUR BUSINESS Fast-track operations with AI. By optimizing your office for data-driven decision making, you'll be running smoothly, giving your team back time for the work that matters most. Get the e-book The finance department is vitally important in ensuring workflow efficiencies, reducing risk, and becoming a strategic partner to your business. UiPath offers AI-fueled, end-to-end robotic process automation (RPA) that enables finance-driven innovation. It reduces costs, processing times, and risk to increase both accuracy and your team’s capacity to focus on high-value, strategic work. FAST-TRACK DIGITAL TRANSFORMATION WITH FINANCE AND ACCOUNTING RPA 98% OF SALES ORDER WORKLOAD CAN BE SHIFTED TO ROBOTS 80% FASTER RECONCILIATION TIMES 2X GREATER TRANSACTION PROCESSING CAPACITY TURN FINANCE AND ACCOUNTING BOTTLENECKS INTO BREAKTHROUGHS Blog CLOSE THE BOOKS ON INEFFICIENT PROCESSES Transform paperwork into robot work, and watch how customer, partner, and employee experiences improve. Read the blog Case Study TURN BEST EFFORT REPORTING INTO RELIABLE INSIGHTS Get faster access to the data you need to make smarter decisions that make a difference. Read the case study Case Study DRAMATICALLY CUT INVOICE PROCESSING TIME AI-driven automation provides a scalable solution that accelerates processing time and improves accuracy. Read the case study White paper HOW AI-POWERED FINANCE AUTOMATION DELIVERS TRANSFORMATIVE BUSINESS VALUE Read this white paper to learn how RPA and artificial intelligence can uncover inefficiencies and opportunities for finance and accounting automation. Get the white paper Top Automation Areas FINANCE AND ACCOUNTING PROCURE TO PAY Faster, more efficient, straight-through processing Highly manual, repetitive tasks and disjointed application environments make for negative experiences. Improve your days payable outstanding (DPO) by accelerating invoice processing and transforming the supplier experience with faster onboarding and more streamlined communication. Learn more about procure to pay * Management procurement activities Automate your activities, including purchasing and receiving goods and services, and integrate them with accounts payable to complete the purchase-to-pay cycle. By supplying all the documents necessary to process invoices both quickly and easily, you’ll reduce turnaround times for payment. Ask us about these business use cases: * Measure performance * Develop procurement strategy and process * Manage supplier and vendor relationships * Purchase goods and services The efficiency of the purchase-to-pay (P2P) process affects satisfaction rates, costs, and influences your company’s ability to achieve wider business goals. And it touches nearly every department. The wide-reaching nature of the process means there is a huge incentive for companies to optimize it. By automating P2P, you’ll experience better supplier collaboration, employee satisfaction, productivity, profitability, and improved supplier relationships. Robots make the P2P cycle faster and more reliable, keeping suppliers happy and lowering your risk. Ask us about these business use cases: * Create and submit requisitions * Create purchase orders * Submit purchase orders to vendors * Manage requisition approvals * Manage purchase order approvals * Receive goods and services Receiving goods and services is an important process to confirm that goods or services purchased have been received or completed following a purchase agreement or purchase order. This confirmation is then used to support the 3-way invoice matching process to authorize payment to the vendor. Robotic automation can improve and expedite the goods receipt (GR) process by digitizing and automating GR tasks. This improves inventory level accuracy, provides accurate information to finance to support 3-way invoice matching, and authorizes payment efficiently. This helps maximize early payment discounts or timely payments, resulting in improved supplier relationships. Ask us about these business use cases: * Process receipts * Receive goods and services * Manage discrepancies and returns * Manage inventory * Process invoices Improve invoice processing accuracy by using automation combined with AI (UiPath Document Understanding) to reengineer workflows, digitizing invoice collection, validation, and storage. Our robots extract, interpret, and process data for you, even from PDFs, images, handwriting, and scans, reducing turnaround times and freeing up time spent on highly manual tasks. Ask us about these business use cases: * Manual invoice collection, digitalization, and storage * Process electronic invoicing * Validate and handle invoice data * Submit transactions for processing * Manage matching discrepancies * Process payment With Document Understanding, robots read invoices that have been processed and are ready for payment, digitizing your payment processing procedures. With the addition of AI and machine learning (ML), you’ll run them smoothly. Handle payment reconciliations and manage any exceptions that may pop up along the way. Ask us about these business use cases: * Run payment process * Complete initial payment review * Handle payment reconciliations * Manage payment exceptions * Generate reports Deliver a wide range of deep analytics and high-powered reporting to both optimize and automate a very important aspect of your business. Ask us about these business use cases: * Generate standard reports * Distribute and manage reports * Develop reporting process and policies * Generate ad-hoc reports 1 / 6 GENERATE REPORTS Deliver a wide range of deep analytics and high-powered reporting to both optimize and automate a very important aspect of your business. Ask us about these business use cases: * Generate standard reports * Distribute and manage reports * Develop reporting process and policies * Generate ad-hoc reports MANAGEMENT PROCUREMENT ACTIVITIES Automate your activities, including purchasing and receiving goods and services, and integrate them with accounts payable to complete the purchase-to-pay cycle. By supplying all the documents necessary to process invoices both quickly and easily, you’ll reduce turnaround times for payment. Ask us about these business use cases: * Measure performance * Develop procurement strategy and process * Manage supplier and vendor relationships PURCHASE GOODS AND SERVICES The efficiency of the purchase-to-pay (P2P) process affects satisfaction rates, costs, and influences your company’s ability to achieve wider business goals. And it touches nearly every department. The wide-reaching nature of the process means there is a huge incentive for companies to optimize it. By automating P2P, you’ll experience better supplier collaboration, employee satisfaction, productivity, profitability, and improved supplier relationships. Robots make the P2P cycle faster and more reliable, keeping suppliers happy and lowering your risk. Ask us about these business use cases: * Create and submit requisitions * Create purchase orders * Submit purchase orders to vendors * Manage requisition approvals * Manage purchase order approvals RECEIVE GOODS AND SERVICES Receiving goods and services is an important process to confirm that goods or services purchased have been received or completed following a purchase agreement or purchase order. This confirmation is then used to support the 3-way invoice matching process to authorize payment to the vendor. Robotic automation can improve and expedite the goods receipt (GR) process by digitizing and automating GR tasks. This improves inventory level accuracy, provides accurate information to finance to support 3-way invoice matching, and authorizes payment efficiently. This helps maximize early payment discounts or timely payments, resulting in improved supplier relationships. Ask us about these business use cases: * Process receipts * Receive goods and services * Manage discrepancies and returns * Manage inventory PROCESS INVOICES Improve invoice processing accuracy by using automation combined with AI (UiPath Document Understanding) to reengineer workflows, digitizing invoice collection, validation, and storage. Our robots extract, interpret, and process data for you, even from PDFs, images, handwriting, and scans, reducing turnaround times and freeing up time spent on highly manual tasks. Ask us about these business use cases: * Manual invoice collection, digitalization, and storage * Process electronic invoicing * Validate and handle invoice data * Submit transactions for processing * Manage matching discrepancies PROCESS PAYMENT With Document Understanding, robots read invoices that have been processed and are ready for payment, digitizing your payment processing procedures. With the addition of AI and machine learning (ML), you’ll run them smoothly. Handle payment reconciliations and manage any exceptions that may pop up along the way. Ask us about these business use cases: * Run payment process * Complete initial payment review * Handle payment reconciliations * Manage payment exceptions GENERATE REPORTS Deliver a wide range of deep analytics and high-powered reporting to both optimize and automate a very important aspect of your business. Ask us about these business use cases: * Generate standard reports * Distribute and manage reports * Develop reporting process and policies * Generate ad-hoc reports MANAGEMENT PROCUREMENT ACTIVITIES Automate your activities, including purchasing and receiving goods and services, and integrate them with accounts payable to complete the purchase-to-pay cycle. By supplying all the documents necessary to process invoices both quickly and easily, you’ll reduce turnaround times for payment. Ask us about these business use cases: * Measure performance * Develop procurement strategy and process * Manage supplier and vendor relationships PURCHASE GOODS AND SERVICES The efficiency of the purchase-to-pay (P2P) process affects satisfaction rates, costs, and influences your company’s ability to achieve wider business goals. And it touches nearly every department. The wide-reaching nature of the process means there is a huge incentive for companies to optimize it. By automating P2P, you’ll experience better supplier collaboration, employee satisfaction, productivity, profitability, and improved supplier relationships. Robots make the P2P cycle faster and more reliable, keeping suppliers happy and lowering your risk. Ask us about these business use cases: * Create and submit requisitions * Create purchase orders * Submit purchase orders to vendors * Manage requisition approvals * Manage purchase order approvals RECEIVE GOODS AND SERVICES Receiving goods and services is an important process to confirm that goods or services purchased have been received or completed following a purchase agreement or purchase order. This confirmation is then used to support the 3-way invoice matching process to authorize payment to the vendor. Robotic automation can improve and expedite the goods receipt (GR) process by digitizing and automating GR tasks. This improves inventory level accuracy, provides accurate information to finance to support 3-way invoice matching, and authorizes payment efficiently. This helps maximize early payment discounts or timely payments, resulting in improved supplier relationships. Ask us about these business use cases: * Process receipts * Receive goods and services * Manage discrepancies and returns * Manage inventory PROCESS INVOICES Improve invoice processing accuracy by using automation combined with AI (UiPath Document Understanding) to reengineer workflows, digitizing invoice collection, validation, and storage. Our robots extract, interpret, and process data for you, even from PDFs, images, handwriting, and scans, reducing turnaround times and freeing up time spent on highly manual tasks. Ask us about these business use cases: * Manual invoice collection, digitalization, and storage * Process electronic invoicing * Validate and handle invoice data * Submit transactions for processing * Manage matching discrepancies PROCESS PAYMENT With Document Understanding, robots read invoices that have been processed and are ready for payment, digitizing your payment processing procedures. With the addition of AI and machine learning (ML), you’ll run them smoothly. Handle payment reconciliations and manage any exceptions that may pop up along the way. Ask us about these business use cases: * Run payment process * Complete initial payment review * Handle payment reconciliations * Manage payment exceptions GENERATE REPORTS Deliver a wide range of deep analytics and high-powered reporting to both optimize and automate a very important aspect of your business. Ask us about these business use cases: * Generate standard reports * Distribute and manage reports * Develop reporting process and policies * Generate ad-hoc reports ORDER TO CASH Delight customers and realize revenue faster Create the ultimate customer experience and reduce days sales outstanding (DSO) by empowering collaboration, controlling costs, and maximizing cashflow. Increase operating leverage by digitizing data input, automating sales order entry and billing processes, increasing productivity, and reducing any billing errors to zero. Learn more about order to cash * Customer onboarding Automate tedious, manual finance processes like onboarding and help your new customers with manual tasks by getting them set up in your system. Our robots help fuel your growth by reviewing and accepting applications, managing terms and conditions, contracts, and even negotiating pricing for you. Each task can involve a standalone system that doesn’t necessarily play well with the others, and automation can help. Turn them into smoothly running processes by extracting information from one and entering it into another. Ask us about these business use cases: * Create and update product master * Set up customer in system(s) * Manage customer master data * Create and manage reports * Review and accept customer applications * Manage terms and conditions * Negotiate pricing, terms, and conditions * Manage customer contracts * Access and manage credit Accessing and managing credit is a crucial, time-consuming aspect of your business, and it needs to run smoothly. Utilize business automation to help you develop reports, conduct assessments, and perform credit checks. Streamline these processes, all while making sure you’re getting paid on time. Ask us about these business use cases: * Establish credit and risk strategy, process, and policies * Develop and manage reports * Conduct new customer credit assessment * Perform credit checks * Manage quote to order Manage customized quotes efficiently with automation. By introducing AI-powered technology into the process, finance teams ensure customers receive accurate quotes, orders are fulfilled correctly, and any issues are resolved seamlessly. Not only will this boost customer satisfaction—it could lead to increased sales and revenue for your organization, too. Ask us about these business use cases: * Identify, manage, and qualify leads * Create and manage customer orders * Create initial sales quote * Create and manage reports * Prioritize opportunities * Approve pricing, discounts, and promotions * Negotiate and finalize sale * Process and fulfill order There are many steps that go into fulfilling a customer’s order, and any break in the process can mean the difference between a happy customer—or an unhappy one. Let our innovative automation platform help you manage your inventory, returns, and reporting by digitizing the entire order management process, increasing your productivity. Ask us about these business use cases: * Process order * Manage shipping and inventory * Process returns and exchanges * Create and manage reports * Manage rebates and chargebacks * Create order management, strategy, process, and policy * Manage orders * Invoice customers When it comes to invoicing your customers, there are a lot of manual steps involved. Generating the invoice, validating it before it goes out, posting receivables, and reporting—the list goes on and on. Utilize RPA and remove the manual work with your invoicing processes and procedures and experience 3x increased productivity. Ask us about these business use cases: * Generate invoices * Invoice validation and distribution * Post receivables to general ledger * Create and manage reports * Create invoicing process and policies * Process A/R and collections From the moment an invoice is created to when it’s settled, there can be lots of hiccups when manual work is involved. Let our technology find the untapped automation potential in your processes. We'll assist you with processing cash, managing debts, and help with your accounts receivable (A/R) and collections strategy and policy to reduce overdue payments and DSO. Software robots perform tasks such as collecting bank statements and entering critical financial data into the A/R system. We can also streamline the matching of your payments to open invoices. Ask us about these business use cases: * Process cash applications against open invoices * Prepare aging and bad debt analysis * Create and manage reports * Manage customer collections * Develop A/R and collections strategy, process, and policy * Issue statements * Manage cash Managing your company’s cashflow is a necessity and is even better with data-driven decision making. Effective management involves reviewing the cash you have on hand, reporting, reconciling and reporting cash, and monitoring its performance. Ask us about these business use cases: * Prepare and review daily cash * Perform balance reporting * Collect bank reconciliations * Create and manage reports * Monitor banking performance * Process customer inquiries and complaints Before businesses will introduce automation, some look to other solutions to help revamp processes. The UiPath process mining solution provides insights on how the order to cash (O2C) process is performing and gives you the opportunity to verify the root cause of any issues. When combined with RPA, it leads to huge leaps in efficiency, cost savings, and overall customer satisfaction. Ask us about these business use cases: * Develop cash management strategy, process, and policies * Develop service strategy, process, and policies * Process inquiries * Review customer complaints * Communicate resolution to customer 1 / 8 PROCESS CUSTOMER INQUIRIES AND COMPLAINTS Before businesses will introduce automation, some look to other solutions to help revamp processes. The UiPath process mining solution provides insights on how the order to cash (O2C) process is performing and gives you the opportunity to verify the root cause of any issues. When combined with RPA, it leads to huge leaps in efficiency, cost savings, and overall customer satisfaction. Ask us about these business use cases: * Develop cash management strategy, process, and policies * Develop service strategy, process, and policies * Process inquiries * Review customer complaints * Communicate resolution to customer CUSTOMER ONBOARDING Automate tedious, manual finance processes like onboarding and help your new customers with manual tasks by getting them set up in your system. Our robots help fuel your growth by reviewing and accepting applications, managing terms and conditions, contracts, and even negotiating pricing for you. Each task can involve a standalone system that doesn’t necessarily play well with the others, and automation can help. Turn them into smoothly running processes by extracting information from one and entering it into another. Ask us about these business use cases: * Create and update product master * Set up customer in system(s) * Manage customer master data * Create and manage reports * Review and accept customer applications * Manage terms and conditions * Negotiate pricing, terms, and conditions * Manage customer contracts ACCESS AND MANAGE CREDIT Accessing and managing credit is a crucial, time-consuming aspect of your business, and it needs to run smoothly. Utilize business automation to help you develop reports, conduct assessments, and perform credit checks. Streamline these processes, all while making sure you’re getting paid on time. Ask us about these business use cases: * Establish credit and risk strategy, process, and policies * Develop and manage reports * Conduct new customer credit assessment * Perform credit checks MANAGE QUOTE TO ORDER Manage customized quotes efficiently with automation. By introducing AI-powered technology into the process, finance teams ensure customers receive accurate quotes, orders are fulfilled correctly, and any issues are resolved seamlessly. Not only will this boost customer satisfaction—it could lead to increased sales and revenue for your organization, too. Ask us about these business use cases: * Identify, manage, and qualify leads * Create and manage customer orders * Create initial sales quote * Create and manage reports * Prioritize opportunities * Approve pricing, discounts, and promotions * Negotiate and finalize sale PROCESS AND FULFILL ORDER There are many steps that go into fulfilling a customer’s order, and any break in the process can mean the difference between a happy customer—or an unhappy one. Let our innovative automation platform help you manage your inventory, returns, and reporting by digitizing the entire order management process, increasing your productivity. Ask us about these business use cases: * Process order * Manage shipping and inventory * Process returns and exchanges * Create and manage reports * Manage rebates and chargebacks * Create order management, strategy, process, and policy * Manage orders INVOICE CUSTOMERS When it comes to invoicing your customers, there are a lot of manual steps involved. Generating the invoice, validating it before it goes out, posting receivables, and reporting—the list goes on and on. Utilize RPA and remove the manual work with your invoicing processes and procedures and experience 3x increased productivity. Ask us about these business use cases: * Generate invoices * Invoice validation and distribution * Post receivables to general ledger * Create and manage reports * Create invoicing process and policies PROCESS A/R AND COLLECTIONS From the moment an invoice is created to when it’s settled, there can be lots of hiccups when manual work is involved. Let our technology find the untapped automation potential in your processes. We'll assist you with processing cash, managing debts, and help with your accounts receivable (A/R) and collections strategy and policy to reduce overdue payments and DSO. Software robots perform tasks such as collecting bank statements and entering critical financial data into the A/R system. We can also streamline the matching of your payments to open invoices. Ask us about these business use cases: * Process cash applications against open invoices * Prepare aging and bad debt analysis * Create and manage reports * Manage customer collections * Develop A/R and collections strategy, process, and policy * Issue statements MANAGE CASH Managing your company’s cashflow is a necessity and is even better with data-driven decision making. Effective management involves reviewing the cash you have on hand, reporting, reconciling and reporting cash, and monitoring its performance. Ask us about these business use cases: * Prepare and review daily cash * Perform balance reporting * Collect bank reconciliations * Create and manage reports * Monitor banking performance PROCESS CUSTOMER INQUIRIES AND COMPLAINTS Before businesses will introduce automation, some look to other solutions to help revamp processes. The UiPath process mining solution provides insights on how the order to cash (O2C) process is performing and gives you the opportunity to verify the root cause of any issues. When combined with RPA, it leads to huge leaps in efficiency, cost savings, and overall customer satisfaction. Ask us about these business use cases: * Develop cash management strategy, process, and policies * Develop service strategy, process, and policies * Process inquiries * Review customer complaints * Communicate resolution to customer CUSTOMER ONBOARDING Automate tedious, manual finance processes like onboarding and help your new customers with manual tasks by getting them set up in your system. Our robots help fuel your growth by reviewing and accepting applications, managing terms and conditions, contracts, and even negotiating pricing for you. Each task can involve a standalone system that doesn’t necessarily play well with the others, and automation can help. Turn them into smoothly running processes by extracting information from one and entering it into another. Ask us about these business use cases: * Create and update product master * Set up customer in system(s) * Manage customer master data * Create and manage reports * Review and accept customer applications * Manage terms and conditions * Negotiate pricing, terms, and conditions * Manage customer contracts ACCESS AND MANAGE CREDIT Accessing and managing credit is a crucial, time-consuming aspect of your business, and it needs to run smoothly. Utilize business automation to help you develop reports, conduct assessments, and perform credit checks. Streamline these processes, all while making sure you’re getting paid on time. Ask us about these business use cases: * Establish credit and risk strategy, process, and policies * Develop and manage reports * Conduct new customer credit assessment * Perform credit checks MANAGE QUOTE TO ORDER Manage customized quotes efficiently with automation. By introducing AI-powered technology into the process, finance teams ensure customers receive accurate quotes, orders are fulfilled correctly, and any issues are resolved seamlessly. Not only will this boost customer satisfaction—it could lead to increased sales and revenue for your organization, too. Ask us about these business use cases: * Identify, manage, and qualify leads * Create and manage customer orders * Create initial sales quote * Create and manage reports * Prioritize opportunities * Approve pricing, discounts, and promotions * Negotiate and finalize sale PROCESS AND FULFILL ORDER There are many steps that go into fulfilling a customer’s order, and any break in the process can mean the difference between a happy customer—or an unhappy one. Let our innovative automation platform help you manage your inventory, returns, and reporting by digitizing the entire order management process, increasing your productivity. Ask us about these business use cases: * Process order * Manage shipping and inventory * Process returns and exchanges * Create and manage reports * Manage rebates and chargebacks * Create order management, strategy, process, and policy * Manage orders INVOICE CUSTOMERS When it comes to invoicing your customers, there are a lot of manual steps involved. Generating the invoice, validating it before it goes out, posting receivables, and reporting—the list goes on and on. Utilize RPA and remove the manual work with your invoicing processes and procedures and experience 3x increased productivity. Ask us about these business use cases: * Generate invoices * Invoice validation and distribution * Post receivables to general ledger * Create and manage reports * Create invoicing process and policies PROCESS A/R AND COLLECTIONS From the moment an invoice is created to when it’s settled, there can be lots of hiccups when manual work is involved. Let our technology find the untapped automation potential in your processes. We'll assist you with processing cash, managing debts, and help with your accounts receivable (A/R) and collections strategy and policy to reduce overdue payments and DSO. Software robots perform tasks such as collecting bank statements and entering critical financial data into the A/R system. We can also streamline the matching of your payments to open invoices. Ask us about these business use cases: * Process cash applications against open invoices * Prepare aging and bad debt analysis * Create and manage reports * Manage customer collections * Develop A/R and collections strategy, process, and policy * Issue statements MANAGE CASH Managing your company’s cashflow is a necessity and is even better with data-driven decision making. Effective management involves reviewing the cash you have on hand, reporting, reconciling and reporting cash, and monitoring its performance. Ask us about these business use cases: * Prepare and review daily cash * Perform balance reporting * Collect bank reconciliations * Create and manage reports * Monitor banking performance PROCESS CUSTOMER INQUIRIES AND COMPLAINTS Before businesses will introduce automation, some look to other solutions to help revamp processes. The UiPath process mining solution provides insights on how the order to cash (O2C) process is performing and gives you the opportunity to verify the root cause of any issues. When combined with RPA, it leads to huge leaps in efficiency, cost savings, and overall customer satisfaction. Ask us about these business use cases: * Develop cash management strategy, process, and policies * Develop service strategy, process, and policies * Process inquiries * Review customer complaints * Communicate resolution to customer RECORD TO REPORT Innovative reporting done right Produce timely and accurate business reporting, both internally and externally, to drive growth with a more engaged accounting team. Automate complex journal entries, the extraction of monthly reports, and reduce processing times for disclosure. * Planning and management accounting Let our automation platform take over repetitive accounting tasks and change the game for your business so you can empower your team of experts to take on more strategic work. Software robots fill the gaps in a patchwork of disparate systems and remove the manual work of integrating data from multiple sources. Ask us about these business use cases: * Perform planning/budgeting/forecasting * Perform cost accounting and control * Perform cost management * Evaluate and manage financial performance * General accounting and reporting Use AI-powered automation to implement innovative accounting practices, take over cumbersome reporting functions, and manage your business’s policies and procedures. Decision makers get perspective to make quick decisions on budgets, forecasts, strategies, and governance. Ask us about these business use cases: * Perform general accounting * Perform fixed asset accounting * Perform financial reporting * Manage GA policies and procedures * Fixed asset project accounting Digitize tasks related to capital planning, project accounting, and get your projects approved faster, too. Ask us about these business use cases: * Perform capital planning and project approval * Perform capital project accounting * Payroll accounting Utilize robots to report time and create and post payroll for your biggest asset—your employees. Ask us about these business use cases: * Report time * Creation and posting of payroll into general ledger 1 / 4 PAYROLL ACCOUNTING Utilize robots to report time and create and post payroll for your biggest asset—your employees. Ask us about these business use cases: * Report time * Creation and posting of payroll into general ledger PLANNING AND MANAGEMENT ACCOUNTING Let our automation platform take over repetitive accounting tasks and change the game for your business so you can empower your team of experts to take on more strategic work. Software robots fill the gaps in a patchwork of disparate systems and remove the manual work of integrating data from multiple sources. Ask us about these business use cases: * Perform planning/budgeting/forecasting * Perform cost accounting and control * Perform cost management * Evaluate and manage financial performance GENERAL ACCOUNTING AND REPORTING Use AI-powered automation to implement innovative accounting practices, take over cumbersome reporting functions, and manage your business’s policies and procedures. Decision makers get perspective to make quick decisions on budgets, forecasts, strategies, and governance. Ask us about these business use cases: * Perform general accounting * Perform fixed asset accounting * Perform financial reporting * Manage GA policies and procedures FIXED ASSET PROJECT ACCOUNTING Digitize tasks related to capital planning, project accounting, and get your projects approved faster, too. Ask us about these business use cases: * Perform capital planning and project approval * Perform capital project accounting PAYROLL ACCOUNTING Utilize robots to report time and create and post payroll for your biggest asset—your employees. Ask us about these business use cases: * Report time * Creation and posting of payroll into general ledger PLANNING AND MANAGEMENT ACCOUNTING Let our automation platform take over repetitive accounting tasks and change the game for your business so you can empower your team of experts to take on more strategic work. Software robots fill the gaps in a patchwork of disparate systems and remove the manual work of integrating data from multiple sources. Ask us about these business use cases: * Perform planning/budgeting/forecasting * Perform cost accounting and control * Perform cost management * Evaluate and manage financial performance GENERAL ACCOUNTING AND REPORTING Use AI-powered automation to implement innovative accounting practices, take over cumbersome reporting functions, and manage your business’s policies and procedures. Decision makers get perspective to make quick decisions on budgets, forecasts, strategies, and governance. Ask us about these business use cases: * Perform general accounting * Perform fixed asset accounting * Perform financial reporting * Manage GA policies and procedures FIXED ASSET PROJECT ACCOUNTING Digitize tasks related to capital planning, project accounting, and get your projects approved faster, too. Ask us about these business use cases: * Perform capital planning and project approval * Perform capital project accounting PAYROLL ACCOUNTING Utilize robots to report time and create and post payroll for your biggest asset—your employees. Ask us about these business use cases: * Report time * Creation and posting of payroll into general ledger TREASURY Optimize liquidities and cash-forecast reliability Empower treasury analysts to identify investment opportunities with greater speed, accuracy, and confidence, and decrease uninvested cash by improving cash-forecast reliability. Digitize reconciliation processes, eliminate errors from workflows, and automate data extraction, freeing up analyst time to focus on more strategic work. * Manage treasury processes and procedures Administering treasury procedures is an essential part of your business's financial management. This function not only handles your company's cashflow and financial assets, but also ensures it has sufficient liquidity to meet its financial obligations. Introduce automation and transform your processes into smarter ones to help establish your scope, helping mitigate risk. Ask us about these business use cases: * Establish scope and governance of treasury operations * Establish and publish treasury policies * Develop, monitor, audit, and revise treasury procedures * Develop and confirm internal controls for treasury * Define system security requirements * Manage cash Managing cash is essential to the financial health of your company, and digitizing the processes within it can help it run more smoothly. Effective administration requires tracking and analyzing cashflow, forecasting, and implementing techniques and strategies. This ensures you have enough cash on hand to meet your financial obligations. Ask us about these business use cases: * Produce cash management account transactions and reports * Download bank statements and reconcile cash positions * Preparation of cash equivalents report * Process and oversee electronic fund transfers * Develop cash flow forecasts * Manage and oversee banking relationships * Analyze, negotiate, resolve, and confirm bank fees * Manage in-house bank accounts Overseeing in-house bank accounts is an important function within the treasury department of your company (not to mention a great use case for RPA and AI). In-house banking involves centralizing cash management activities within your company by merging cashflows from different subsidiaries or business units. This helps improve visibility over your cash position and simplifies cash management practices. Ask us about these business use cases: * Manage in-house bank accounts for subsidiaries * Manage central incoming payments on behalf of subsidiaries * Manage internal payments and net transactions * Calculate interest and fees for in-house bank accounts * Provide account statements for in-house bank accounts * Manage and facilitate inter-company loan transactions * Manage central outgoing payments on behalf of subsidiaries * Manage debt and investments Managing debt and investments are important aspects of financial administration and involve the strategic supervision of an organization's financial resources. Effective treasury management (particularly with the addition of business automation and AI) helps your company maximize liquidity and enhances your financial performance. Ask us about these business use cases: * Manage liquidity * Manage issuer exposure * Process and oversee debt and investment transactions * Process and oversee foreign currency transactions * Produce debt and investment account transaction reports * Process and oversee interest rate transactions * Manage financial intermediary relationships * Manage risk and hedging strategies One key aspect of risk management is monitoring interest rates. Interest rates have a significant impact on your risk strategy and financial performance. By deploying AI-powered technology and bots to oversee changes in rates, you'll stay ahead of the game, minimizing risk. Ask us about these business use cases: * Execute hedging transactions * Produce hedge account transactions and reports * Manage interest rate risk * Manage foreign exchange risk * Manage exposure risk 1 / 5 MANAGE RISK AND HEDGING STRATEGIES One key aspect of risk management is monitoring interest rates. Interest rates have a significant impact on your risk strategy and financial performance. By deploying AI-powered technology and bots to oversee changes in rates, you'll stay ahead of the game, minimizing risk. Ask us about these business use cases: * Execute hedging transactions * Produce hedge account transactions and reports * Manage interest rate risk * Manage foreign exchange risk * Manage exposure risk MANAGE TREASURY PROCESSES AND PROCEDURES Administering treasury procedures is an essential part of your business's financial management. This function not only handles your company's cashflow and financial assets, but also ensures it has sufficient liquidity to meet its financial obligations. Introduce automation and transform your processes into smarter ones to help establish your scope, helping mitigate risk. Ask us about these business use cases: * Establish scope and governance of treasury operations * Establish and publish treasury policies * Develop, monitor, audit, and revise treasury procedures * Develop and confirm internal controls for treasury * Define system security requirements MANAGE CASH Managing cash is essential to the financial health of your company, and digitizing the processes within it can help it run more smoothly. Effective administration requires tracking and analyzing cashflow, forecasting, and implementing techniques and strategies. This ensures you have enough cash on hand to meet your financial obligations. Ask us about these business use cases: * Produce cash management account transactions and reports * Download bank statements and reconcile cash positions * Preparation of cash equivalents report * Process and oversee electronic fund transfers * Develop cash flow forecasts * Manage and oversee banking relationships * Analyze, negotiate, resolve, and confirm bank fees MANAGE IN-HOUSE BANK ACCOUNTS Overseeing in-house bank accounts is an important function within the treasury department of your company (not to mention a great use case for RPA and AI). In-house banking involves centralizing cash management activities within your company by merging cashflows from different subsidiaries or business units. This helps improve visibility over your cash position and simplifies cash management practices. Ask us about these business use cases: * Manage in-house bank accounts for subsidiaries * Manage central incoming payments on behalf of subsidiaries * Manage internal payments and net transactions * Calculate interest and fees for in-house bank accounts * Provide account statements for in-house bank accounts * Manage and facilitate inter-company loan transactions * Manage central outgoing payments on behalf of subsidiaries MANAGE DEBT AND INVESTMENTS Managing debt and investments are important aspects of financial administration and involve the strategic supervision of an organization's financial resources. Effective treasury management (particularly with the addition of business automation and AI) helps your company maximize liquidity and enhances your financial performance. Ask us about these business use cases: * Manage liquidity * Manage issuer exposure * Process and oversee debt and investment transactions * Process and oversee foreign currency transactions * Produce debt and investment account transaction reports * Process and oversee interest rate transactions * Manage financial intermediary relationships MANAGE RISK AND HEDGING STRATEGIES One key aspect of risk management is monitoring interest rates. Interest rates have a significant impact on your risk strategy and financial performance. By deploying AI-powered technology and bots to oversee changes in rates, you'll stay ahead of the game, minimizing risk. Ask us about these business use cases: * Execute hedging transactions * Produce hedge account transactions and reports * Manage interest rate risk * Manage foreign exchange risk * Manage exposure risk MANAGE TREASURY PROCESSES AND PROCEDURES Administering treasury procedures is an essential part of your business's financial management. This function not only handles your company's cashflow and financial assets, but also ensures it has sufficient liquidity to meet its financial obligations. Introduce automation and transform your processes into smarter ones to help establish your scope, helping mitigate risk. Ask us about these business use cases: * Establish scope and governance of treasury operations * Establish and publish treasury policies * Develop, monitor, audit, and revise treasury procedures * Develop and confirm internal controls for treasury * Define system security requirements MANAGE CASH Managing cash is essential to the financial health of your company, and digitizing the processes within it can help it run more smoothly. Effective administration requires tracking and analyzing cashflow, forecasting, and implementing techniques and strategies. This ensures you have enough cash on hand to meet your financial obligations. Ask us about these business use cases: * Produce cash management account transactions and reports * Download bank statements and reconcile cash positions * Preparation of cash equivalents report * Process and oversee electronic fund transfers * Develop cash flow forecasts * Manage and oversee banking relationships * Analyze, negotiate, resolve, and confirm bank fees MANAGE IN-HOUSE BANK ACCOUNTS Overseeing in-house bank accounts is an important function within the treasury department of your company (not to mention a great use case for RPA and AI). In-house banking involves centralizing cash management activities within your company by merging cashflows from different subsidiaries or business units. This helps improve visibility over your cash position and simplifies cash management practices. Ask us about these business use cases: * Manage in-house bank accounts for subsidiaries * Manage central incoming payments on behalf of subsidiaries * Manage internal payments and net transactions * Calculate interest and fees for in-house bank accounts * Provide account statements for in-house bank accounts * Manage and facilitate inter-company loan transactions * Manage central outgoing payments on behalf of subsidiaries MANAGE DEBT AND INVESTMENTS Managing debt and investments are important aspects of financial administration and involve the strategic supervision of an organization's financial resources. Effective treasury management (particularly with the addition of business automation and AI) helps your company maximize liquidity and enhances your financial performance. Ask us about these business use cases: * Manage liquidity * Manage issuer exposure * Process and oversee debt and investment transactions * Process and oversee foreign currency transactions * Produce debt and investment account transaction reports * Process and oversee interest rate transactions * Manage financial intermediary relationships MANAGE RISK AND HEDGING STRATEGIES One key aspect of risk management is monitoring interest rates. Interest rates have a significant impact on your risk strategy and financial performance. By deploying AI-powered technology and bots to oversee changes in rates, you'll stay ahead of the game, minimizing risk. Ask us about these business use cases: * Execute hedging transactions * Produce hedge account transactions and reports * Manage interest rate risk * Manage foreign exchange risk * Manage exposure risk White paper HEAR FROM YOUR PEERS WHO HAVE ALREADY AUTOMATED Learn how RPA has automated repetitive, error-prone tasks and brought benefits to finance and accounting users in this PeerPaper™ Report Realizing the Benefits of RPA in Finance and Accounting. Get the white paper AUTOMATE YOUR FINANCE AND ACCOUNTING DEPARTMENT END-TO-END Seamless data extraction Software robots can read screens, navigate interfaces, and pull information from scanned documents—faster and more accurately than their human colleagues. Drag-and-drop artificial intelligence (AI) With AI, software robots can emulate aspects of human decision making to streamline a wider range of financial and accounting processes. Unstructured data analysis Data from different sources in different formats? Software robots can find the needed information and do what needs to be done. Task/process mining Which finance and accounting practices are the best candidates for automation? You don’t have to rely on intuition and educated guesses. UiPath Task Mining and Process Mining can help you discover your best opportunities. Explore the UiPath Platform REINVENT THE BUSINESS, NOT THE WHEEL Our prebuilt automations and ready-to-go connectors can give you a head start on a more innovative future for finance and accounting. Drive instant ROI with industry-leading straight-through processing Read about elDoc Document Understanding Ensure payments to vendors or suppliers are accurate and complete Learn about Base64.ai Increase data accuracy across various incoming supplier packing slips Check out NanoNets OCR STOP PUSHING PAPER AND START DRIVING REAL CHANGE Explore all finance and accounting resources Webinar RPA TAKING FINANCE AND ACCOUNTING INTO THE CUTTING EDGE Discover how automation can transform age-old practices into cutting-edge processes. Send me the recording Webinar IMPROVING THE F&A EMPLOYEE EXPERIENCE Automation does more than make the business more efficient. It also makes work more rewarding for F&A professionals. Send me the recording Webinar FROM QUICK WINS TO END-TO-END AUTOMATION Find out how to get started and build momentum as you scale up your F&A automation initiatives and take on processes with greater scope and complexity. Send me the recording TURN FINANCE AND ACCOUNTING INTO THE FOUNDATION OF INNOVATION. WE’LL SHOW YOU HOW. 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