Finance Process Automation
From a small concern managing its accounts on a spreadsheet, to a big corporation with advanced cloud ERP systems, there is almost always a gap between actual transactions and data processing; as between potential and actual efficiency. No matter where you are in this range, our range of finance automation services can help you bridge this gap. Streamlining your data processing and providing the output in usable format is the core benefit of process automation – whether for people or for recipient IT systems.
The other benefit being versatility in process design and easy modification. Finance Process Automation is probably the highest ROI investment you can make, and it can also help you maximize returns from your cloud ERP implementation by automating the data processing and data integrity checks before it is entered into the cloud ERP system. The Finance Process Automation team brings you a combination of extensive domain knowledge with advanced skills in programming tools and languages like Excel/VBA, VB and QlikView9.0 to deliver quick and effective solutions to fulfill your automation needs. The team has experience of developing hundreds of applications and modules pertaining to a range of finance business processes – reducing precious TAT and saving millions of dollars.
Our Finance Process Automation services cover:
- Finance and accounting process automation
- Pre-ERP and Extra-ERP process automation
- Process observation, analysis, and loophole plugging
- End to end solution (example: Claims & Expense Management)
Examples of scenarios where Process Automation is the key:
To process and run verification checks on your real time data, it’s easy to use automation option instead of using manual intervention. When multiple data types and sources are involved, no individual can enforce controls to check the quality of data /data integrity without using process automation. A lot of time is generally spent on data verification. There are numerous types of processes that need data verification multiple times – made easy with automation, and subsequent automated process control.
Easy error handling tracks the data correction based on the policy of respected process. It obviates Rework which, apart from being time-consuming, is highly demotivating for employees. Get in touch with us today to find out how you can leverage our automation services to vastly improve your Key process indicators( KPI’s), while saving precious time and money for your company.
Don’t Re-invent the Wheel
While StruFin does have the expertise to custom-build solutions to address your finance automation needs, and we do it when no good-fit off-she-shelf options are available, we’d recommend going for popular tried-and-tested 3rd Party Cloud-based Apps/Solutions whenever possible.
Going for a matured, cloud-based 3rd Party App is almost always less expensive and, with a large user-base, you get easy integration with other cloud-based solutions and are always updated and backed-up.
StruFin has spent hundreds of hours assessing a multitude of the Cloud Solutions available for different processes, and have come up with a curated list of Apps that we found out to be the best-fit options for various scenarios. The particular Eco-system of Apps from this list, that you finally go for would depend on the specifics of your business and business processes. The crucial decision perspective is to choose the best-Ecosystem, and not select an App as a stand-alone entity- it’ll put you in good stead in the medium-to-long term.
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