AR Collections Use Case

RPA Use Cases for AR Collections

According to a payment study by Atradius, on average, companies write off 1.5% of their AR as bad debt (that’s $750K for a $50M company!), and 93% of businesses experience late payments.  RPA-enabled automated collections can improve these impactful statistics. The collections process is repetitive, rule-based, and time-sensitive. This makes it a prime candidate for … Continue Reading

Bank recon

RPA Use Cases for Bank Reconciliation

Per an E&Y study, 59% of a financial department’s resources are spent managing transaction-intensive processes.  And around 95% of this effort is wasted on transactions that already match.  RPA can reduce reconciliation effort by 90%+ by allowing your accounting team to focus only on the transactions that don’t match. Deploying Robotic Process Automation (RPA) to … Continue Reading