RPA solutions for accounting

RPA For Accounting | Automate Your Accounting!

Take the boring, repetitive, and time-consuming work from your employees’ shoulders, integrate your systems and streamline accounting operations.

PROVEN AUTOMATION DEVELOPMENT AGENCY:

RPA For Accounting | Automate Your Accounting!

Take the boring, repetitive, and time-consuming work from your employees’ shoulders, integrate your systems and streamline accounting operations.

RPA for accounting

5/5 CLUTCH VETTED

PROVEN RPA DEVELOPMENT PARTNER

What Can RPA do for Accounting?

Auditing and Compliance

Optimize the auditing process with RPA. Automate compliance checks by verifying transactions against regulatory requirements, ensuring financial records are accurate and in line with regulations.

Reconciliation and Reporting

Automate the reconciliation of financial statements, bank accounts, and transactions, identify discrepancies between different data sets, and generate accurate reports.

Automate Accounts Payable And Receivable Workflows

Streamline the end-to-end process of invoice processing. RPA bots can receive invoices, validate them against predefined rules, initiate approval workflows, and update payment information. This accelerates the process and reduces the chances of payment errors and delays.

Automate Accounting Document and Data Processing

Process enormous amounts of structured and unstructured accounting data (invoices, identity proofs, tax returns, contracts etc.) and move it automatically between systems.

Reconciliation and Reporting

Automate the reconciliation of financial statements, bank accounts, and transactions, identify discrepancies between different data sets, and generate accurate reports.

Typical RPA for Accounting Missions:

  • Invoice Processing

  • Expense Report Management

  • Bank Reconciliation

  • Accounts Payable

  • Accounts Receivable

  • Invoice Processing
  • Expense Report Manageent
  • Bank Reconciliation
  • Accounts Payable/ Accounts Receivable

  • General Ledger Entries

  • Financial Reporting
  • Payroll Processing
  • Fixed Asset Management

  • Financial Close Process

  • 50%
    of all accounting tasks can be automated (McKinsey)

  • $16

    per invoice can be saved in Accounts Payable with automation (Statista)

  • 45%
    of reporting, planning, and strategic work can be automated (McKinsey)

Why RPA for Accounting?

Accounting is a perfect playground for RPA automation, with their repetitive workflows, vast sets of data, and lots of manual-dependent labor.

Increased Efficiency

Automating repetitive tasks like data entry and reconciliation speeds up accounting workflows, improving overall efficiency.

Decreased Operational Costs

By reducing manual effort, RPA lowers operational costs associated with repetitive accounting tasks.

Higher Team Satisfaction and Strategic Focus

By automating mundane tasks, accountants can focus on higher-value activities such as analysis and decision-making.

Compliance Assurance

RPA follows predefined rules and audit trails, ensuring adherence to regulations and consistent compliance.

Enhanced Accuracy

RPA minimizes human errors in data entry, calculations, and reconciliation, ensuring accurate financial records.

Systems Interoperability

RPA can integrate with existing accounting systems, making implementation and process improvement smoother.

Automating repetitive tasks like data entry and reconciliation speeds up accounting workflows, improving overall efficiency.

By reducing manual effort, RPA lowers operational costs associated with repetitive accounting tasks.

By automating mundane tasks, accountants can focus on higher-value activities such as analysis and decision-making.

RPA follows predefined rules and audit trails, ensuring adherence to regulations and consistent compliance.

RPA minimizes human errors in data entry, calculations, and reconciliation, ensuring accurate financial records.

RPA can integrate with existing accounting systems, making implementation and process improvement smoother.

Test RPA for Accounting!

Not sure if RPA can bring change to your accounting operations?

Schedule a 30-min free consulting session and hear about solutions to challenges you are facing.

Why RPA for Accounting with Flobotics?

Why Flobotics for RPA development?

The Automation You Can Afford

Thanks to our competitive rates, we can build cost-efficient RPA automation and maximize your ROI starting from the development phase.

Top RPA Consultants

Our battle-proven consultants are sourced from the “Big Four” of accounting: PwC, EY, KPMG & Deloitte, and combine extensive technical and business expertise.

We Will Work With All Your Apps and Systems!

Regardless of your tool stack, we can automate it and build full interoperability between your systems, including legacy and API-lacking situations.

Compliance and Security

Compliance with ISO, SOC2, current IRS requirements, and other regulations is at the core of our automation.

  • 350%

    Average ROI increase from a single automation

  • 100+

    Successful RPA implementations

RPA for Accounting: Success Stories

Mystic River Consulting - automation with RPA

Mystic River Consulting:
automating a tax return process for a debt relief program

How to automate the process of filing tax returns, which translated into 2,000 hours of manual labor and over $100K in savings.

Mystic River Consulting - automation with RPA
Cohen and Company - automation with RPA

Cohen:
automating invoice processing & freeing up the time of 2 FTEs

How to automate three different invoicing processes and save 320 hours of manual human work monthly?

Cohen and Company - automation with RPA

Proven RPA Services for Accounting

Our Publications About RPA for Accounting

Keep Bookkeeping Easy — Why Should You Consider Automating Your Accounting Processes?

Why Should You Consider Automating Your Accounting Processes?

Filip Nasiadko, CTO

Many accounting tasks are performed manually or semi-automated, being quite tedious and straightforward. RPA solutions remove many of the risks involved in their execution.

Automatin payroll processes with RPA: What there is to know

A Day Ahead, Not a Single Dollar Short: a Quick Guide to RPA in Payroll

Michal Rejman, CMO

Let’s investigate the technology, its benefits, payroll processes that can be automated, and examples of companies that thrive thanks to RPA in payroll.

Bots You Can Bank on — What’s RPA for Finance and What’s in It for You?

How Is RPA Disrupting The Banking And Finance Industry

Filip Nasiadko

Filip Nasiadko, CEO

Read about the top reasons why RPA and banking & finance work together well, where it is better to apply automation and learn real use cases.

What are the use cases of RPA for accounts payable workflows?2024-02-26T23:59:59+01:00

Use cases of RPA for accounts payable workflows encompass automating tasks such as invoice processing, data entry, vendor management, payment reconciliation, cash flow management, compliance checks, payment approvals, report generation, expense tracking, and handling exceptions. RPA streamlines accounts payable operations by eliminating manual intervention, reducing errors, enhancing processing speed, ensuring accuracy, improving compliance, optimizing resource utilization, and ultimately transforming how financial transactions are managed within the accounts payable domain.

What are the examples of RPA in accounting?2024-02-26T23:53:44+01:00

Examples of Robotic Process Automation (RPA) in accounting encompass various tasks like automating data entry for invoice processing, reconciling accounts receivable and accounts payable, generating financial reports, streamlining payroll processing, automating expense management, conducting compliance checks, handling audit trail processes, assisting in bank statement reconciliations, automating journal entries, managing intercompany transactions, and optimizing tasks related to month-end closing procedures. RPA applications in accounting focus on automating repetitive, rule-based tasks to enhance accuracy, efficiency, and productivity within financial operations.

What are the key benefits of using Robotic Process Automation for accounting?2024-02-26T23:51:25+01:00

Leveraging Robotic Process Automation (RPA) in accounting offers significant advantages, including automating data entry for invoice processing, enhancing accuracy in reconciliation tasks, improving speed in financial report generation, streamlining payroll processing with precision, minimizing errors in expense management, optimizing compliance checks, increasing efficiency in accounts payable and receivable, reducing cycle times for month-end closing, enhancing audit trail accuracy, and elevating overall operational productivity within financial departments.

Try out RPA for Accounting!

Bring Robotic Process Automation to your company and automate your accounting.
Schedule a free consulting session with our accounting automation expert.

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