Improve process efficiency, reduce operational costs, and increase team productivity
According to a McKinsey report, 45% of current paid activities can be automated by today's technology, an equivalent of $2 trillion in total annual wages.
The areas where RPA continues to exceed expectations include improved compliance (92%), improved quality/accuracy (90%), improved productivity (86%), cost reduction (59%). [Deloitte global RPA survey]
Technology brings low-code automation solutions that are empowering businesses to move away from manual tasks that are repetitive, replicable, and of routine nature. Adoption of automation solutions drives efficiency across enterprise processes while reducing costs and enhancing experience – for customers, and business users.
Automation is a very wide-angled conversation, and its scope broadly falls under the following categories:
- Vendor invoice process
- Employee onboarding process
- Automated personalized acknowledgements to customer emails
- Resume filtering, and many more
- Data export from a legacy system and import in a modern application on a scheduled basis.
- Data movement from a legacy data source to an Operational Data Source (ODS) for operational reporting or analytics.
- Frontline digital smart assistants to address L1 queries from customers and hand over complex queries to the customer care team.
- AI-enabled data extraction from electronic documents/images.
Irrespective of the industry or vertical you belong to; automation helps drive digital transformation delivering benefits suited to your business need.
Path's Solution Offering
AP Process Automation
Traditional way of doing things in AP processing means investing valuable time and effort of team members in slow and repetitive tasks such as manual entry and data capture of vendor invoices. These mundane activities are prone to high errors leading to losses in terms of money and reputation for the organization.
Transform your Financial and Accounting Processes with Path
Processing TimeReduce turnaround time from hours or days to minutes and seconds
Cost ReductionHalve your cost of operations when processing invoices
AccuracyMinimize manual errors and get precise data Seamless Integration with your ERP
Automate, accelerate, and standardize your everyday Account Payable processes. Replace manual work and paper-based processes with automation.
Data Entry Errors
The AP Process
We would be glad to showcase a comprehensive demo using our Bot-based solution.