Robotic Accounting

Accounting tasks automation with Robotic process automation (RPA) and Document AI

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RPA in finance
RPA in finance

What is robotic accounting?

Robotic accounting is a method of automating accounting processes and tasks using robotic process automation (RPA) and document AI tools and technologies. Robotic accounting automates a significant portion of the tasks involved in various accounting processes such as accounts payable (AP), reconciliation, and accounts receivable (AR). This helps businesses of all sizes, from CPA firms to large accounting departments in enterprises, to improve their efficiency, accuracy, and productivity.

How robotic accounting automates?

Robotic accounting is used for end-end accounting process automation.

RPA in accounting

Accounting processes typically involve many repetitive, rule-based, and manual tasks that can be time-consuming and prone to errors. However, with the help of software robots or bots, these tasks can be automated, including data entry, reconciliation, and processing documents.

Document AI in accounting

Document processing is a critical part of accounting, and this involves dealing with a large number of documents such as bills, receipts, invoices, bank statements, and credit card statements. Document AI is used to extract relevant data from these documents and process them further, reducing the need for manual intervention.

By combining RPA with Document AI, we automate up to 60% to 80% of accounting tasks, making the accounting process efficient, smart, error-free, fast, and cost-effective. This allows accounting professionals to focus on more strategic tasks such as customer acquisition, analysis and decision-making while reducing the time and resources required for routine tasks. Overall, the integration of RPA and Document AI offers significant benefits to businesses of all sizes including CPA firms to the accounting function of large enterprises by improving accuracy, speeding up processes, and reducing costs.

What can be automated with robotic accounting?

Account receivable (AR)

Automate almost every task in the AR process using AI & RPA and save time and money with 100% accuracy.

Account Payable (AP)

Robots and AI can automate 80% to 90% of invoice processing work and save 40% to 55% on their invoice processing costs.

Account Reconciliation

Account Reconciliation is the most tedious and time consuming task for any account department. Survey says that more than 90% time get consumed only for the transactions that are already matched and valid.

Why Intelgic

Intelgic has its own RPA tool and Document AI platform that are used to build fully customizable solutions for finance and accounting operations of companies of all sizes. Our solution can easily be integrated with any existing accounting system.

  • Inhouse RPA and Document AI tools and technologies
  • Fully customizable
  • Designed for both accounting firms of all sizes
  • Designed for accounting function of mid to large enterprises
  • Easy integration with existing software systems
RPA benifit in finance

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