Business Process Automation

Business Process Automation in

Accounts Payable -

Reconify reduces costs by up to 50%

Developed by Accountants for Accountants, with 15 years of expertise, Reconify is there to help get the job done.

Using an AI model to ingest documents which allows the process to start immediately with no training of data. Documents (invoices, Statements, Credit Notes, POD, GRN) are brought directly into the system and for AP, are either written into the Purchase Ledger or routed according to the required process. From ingestion to reconciliation and payment, Reconify does it all.

During ingestion we follow an intelligent process to check for:

Duplication
Fraud
PO
GRN
POD

Reconify software applies matching principles and we can apply up to ten criteria before an invoice is paid.
This eliminates error and saves a lot of time. Invoice processing is typically taken from 3 weeks to a day or two depending on how it is implemented.
No more paper moving around in an unstructured way. So the saving is in conversion to electronic process and intelligent processing.

Business Process Automation is part of the ‘Fourth Industrial Revolution’ because of the comprehensive positive benefits it has created in multiple industries and business functions.
Risk and control management are strengthened and customer advocacy, revenue and retention improved.
Business Process Automation software is a non-intrusive technology that doesn’t require an overhaul of your legacy systems and can be integrated into your current ERP and business applications with relative ease.

Automate routine operations across your entire company and unlock your latent potential. Create structured workflows and enjoy better data quality eliminating human error and focusing on higher priority, value-added functions. Reduce costly resources that can be allocated more strategically and increase efficiency.

Cost Reduction

Harnessing automation streamlines administrative processes and empowers distributed management capabilities. This is achieved through the automated enforcement of predefined business rules for critical functions, including security vulnerability checks, purchase order value thresholds, and approval workflows.

Performance

Process acceleration is achieved through simplification and digitization initiatives, leading to enhanced production quality via error-free operations. These improvements can yield process time reductions of up to 90%.

Productivity

Automated systems operate continuously, 24/7/365, thereby freeing up valuable time. By placing routine tasks on autopilot, personnel can concentrate on value-added activities that enhance customer experience and drive exceptional outcomes.

Efficiency

The implementation of automation allows personnel to redirect their efforts towards higher-value activities, including data interpretation, decision support, customer relationship management, and business growth initiatives. Robotic Process Automation (RPA) is particularly effective in automating work processes characterized by manual effort, repetitive tasks, and a high potential for human error.

Business Process Automation