All cases
RPA
Payments are allocated to the right invoices – even when one payment covers several.
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 an exact match insufficient.
Solution
A robot compares incoming payments with the invoices still open and settles them automatically whenever the difference is zero or less than 5 cents. Matching a payment that covers several invoices no longer has to be done by hand.
Result
RobotHumanAI-assisted
One payment for several invoices received→Open invoices matched→Cleared automatically if the difference is within 5 cents
Result
5cents
tolerance for automatic matching
6
Subsidiaries using the process
5months
until ROI
Automatic
settlement without manual follow-up
Do you have a similar process?
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