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Robotic Process Automation

Transformation of the Way You Work with End-to-End Process Automation

Robotic process automation (RPA) is a key part of your digital transformation journey. According to a recent Bain & Co. survey, nearly 800 executives worldwide found, the share of companies scaling up automation technologies will at least double in the next 2 years.

Automation remains a priority for the companies that are adapting to change. With the fast change in technology, CFOs who have adapted and implemented RPA solutions have witnessed positive effects at every level of a company.

Robotic process automation - AKM Global

What is RPA?

Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots (‘bots’) that emulate humans actions interacting with digital systems and software. Just like people, bots can do things like understand what’s shown on a screen, key in the right value, navigate systems, read and extract data, and perform a wide range of well-defined actions. But bots can do it faster and more consistently. RPA can be quickly implemented to accelerate digital transformation.

Business benefits of RPA?

How does RPA add value to a growing company?

  • Streamlines workflows,
  • Makes organizations more profitable, flexible, and responsive
  • With automation, the workflows are well defined and well connected
  • Teams get standardized and smart tools which can be mastered easily
  • Automation facilitates strong controls throughout the processes
  • Increases employee satisfaction, engagement, and productivity by removing mundane tasks from their workdays.With high automation, companies can attract talent

Function of Finance and accounting processes that can be fully automated:

  • Payroll Automation
  • Automated Invoicing solution
  • Consolidation and book closing
  • Accounts receivables and Account payables processing.
  • Financial Reporting

The cost of automation worries you today. Think of the cost of not implementing it!

Doing your business without automation might look easy as it is a part of our daily routine. However, with automation, the benefits are long term and can bring enormous efficiency in the daily tasks. Get in touch with our digital robotic worker for your organization

Intelligent Automation: AKM Global’s artificial intelligence embed digital robotic accountants can perform the following tasks:

Accounts receivables and payable

  • Sending invoices/notices on emails
  • Management of Credit checks and approvals
  • Database maintenance
  • Setting up of Suppliers
  • Data entry of invoices into accounting system
  • Comparing invoices against PO and checking any discrepancies
  • Automation of invoice workflow and approvals
  • Preparation of vendor payments list

Operational finance and accounting

  • Review pricing based on customer contracts and pre-approved price lists
  • Calculate and process rebates
  • Download detailed monthly sales data
  • Calculate commissions
  • Posting details to general ledger

Bank and credit card reconciliation

  • Automate download of bank/credit card statements for accounts
  • Create files and store the documents in appropriate folders
  • Reconcile balances and transactions
  • Create balancing journal entries to handle discrepancies

Ledger Entries

  • Creating monthly ledger entries based on templates from different business users
  • Validation of the entries made
  • Updating the accounting systems

Account reconciliations

  • Download balances into approved format
  • Perform data validation
  • Create balancing journal entries to handle discrepancies

Financial review

  • Collection of data from multiple systems
  • Preparation of management report (MIS) and cash flow, Budget report, and every reconciliation

Payroll

  • Keeping a record of attendance
  • Adding a new personnel and removing of the staff who have quit an organization
  • Maintenance of timesheets
  • Managing reimbursements
  • Review of salaries
  • Reconciliation of payroll
  • Tax Reporting
  • Preparation of payment

Why us?

AKM Global has over 40 years of experience in the field of accounting and has always strived to spearhead and face all new challenges and complexities with dedication and sheer focus. RPA surely seems to be a tough nut to crack given the change it ushers but in the middle of difficulty lies opportunity. One cannot deny that automation is the future, rather than fearing it, let’s gear up to take stride along its side.

Whether you are still considering associating with RPA or looking to improve your current implementation, then AKM can help you.

  • Implement RPA automation solution within 6-8 weeks
  • Dedicated RPA specialists with experience in delivering solutions specific to the requirements of client’s business to achieve maximum synergy possible
  • Proven ability to manage enterprise-wide RPA efforts through our proven centre of excellence framework
  • Large pool of lean professionals
  • End to end delivery and maintenance services with flexible support from experts.
  • Partnership with key RPA product vendors including blue prism, UIPath, Openspan, NICE, catalytic, Automation anywhere.
  • Strong portfolio of clientele of varied business sizes across the globe