All cases
RPA
Accounts-receivable reconciliation: automatic instead of manual matching.
How a company automatically matches bulk payments to outstanding invoices, including tolerance for rounding differences of up to 5 cents.
Starting point
Customers sometimes pay multiple invoices in a single transaction. These payments must be matched to the corresponding invoices, a process that was previously handled manually. In some cases, small rounding differences occur, making a simple one-to-one reconciliation insufficient.
Solution
A robot attempts to match open transactions with outstanding invoices and automatically settle the corresponding invoices whenever the difference is zero or less than 5 cents.
Result
RobotHumanAI-assisted
Collective payment received→Open invoices matched→Automatically cleared
Result
5Months
until ROI
5 Cent≤
tolerance for automatic reconciliation
1
Payment, more invoices
Zero
manual matching for transactions within tolerance
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