Exploring challenges and solutions in AR/AP process
The client wanted to enhance their firm’s efficiency by centralizing the AR/AP processes using Gen AI and RPA. By automating, the firm could streamline operations, including invoice processing, and improve the processes‘ visibility. This would also lead to better ROI on time and money management.
A prominent audit and accounting outsourcing firm in India faced difficulties in optimally managing its Accounts Receivable (AR) and Accounts Payable (AP) operations. The manual processing of large volumes of diverse data types consumed significant time and effort, leading to a substantial decrease in ROI.
By partnering with Difinity Digital, the client was able to automate all of its accounts receivable and accounts payable operations. This move improved the firm’s operational efficiency and significantly lowered costs. Every step of the process was automated, simplifying document extraction through auto-recognition and various other components.
With AR and AP automation solutions, Difinity Digital supported the firm in streamlining its accounts payable and accounts receivable processes, alleviating the stress caused by manual operations. By utilizing Artificial Intelligence (AI) and Robotic Process Automation (RPA), our experts transformed this time-consuming process into an efficient automated system.
We automated every step, from data structuring and extraction, and approval routing to classification of entries, enabling automatic recognition of data regardless of type or size. Integrating components like ERP systems, accounting software, and document processing ensured the highest accuracy in results. This centralization of processes enhanced visibility and transparency, significantly reduced turnaround times, and empowered the client with greater control over their financial operations.
“Implementing AR/AP process automation has gained a lot of insights for our team. Changing this complex and time-consuming task into a structured process has increased our client’s productivity. We were able to provide our client with the best possible solution as part of their digital transformation process. Seeing these improvements in action has been both exciting and deeply rewarding.”
Manu George Michael, Director, Difinity Digital
–from Execution Team