Record to Report: Period-End Reporting & Reconciliations
Hi-Tech | Pioneers in Team Collaboration Software
DesafÃo
Downloading multiple financial reports across different source systems like Bank, ERP, Custom applications, etc. impacted overall productivity
High manual effort was spent on data collection and standardization
Macro Excels would frequently crash during the report generation process
8-10 hours spent in report generation left little to no time for analysis and cash collection
Solución
Leverage UiPath to download the reports from multiple systems after inputting the right parameters
Custom solution to break down Excel file contents into smaller chunks and ensure parallel processing
Custom VB script to ensure the bot-generated report matches the current standard and formatting
Beneficios
50-60% reduction in processing time
Improved accuracy
Increase in employee satisfaction
Focus on collections rather than tedious reporting during month-end closure activities
100% compliant process steps followed by the bot