RPA for Invoice Processing (Automate in 5 Steps)

RPA for Invoice Processing
🎓Any Certification Course Up To 30% Discount only using this custom link (Use Code: LIMITED30): bit.ly/LIMITED30
🎓Let's Start Something New Today! Refresh Your Skills & Be Future Ready! Courses up to 75% Discount (custom link): bit.ly/75DiscountCode
►Don't Miss Next Update: bit.ly/asKeygeek Helping you Succeed in Automation (RPA & AI).
Financial services is one area where RPA is getting implemented rapidly!
34% of the financial organizations rely on manual process and 47% of the AP professionals consider manual data entry & inefficient processes as their biggest challenge.
We have series of videos where we explain the processes where RPA can be easily implemented. Subscribe to this channel if you have not done yet.
In this video I’ll explain what #RPA can do in the Invoice Processing Process.
The entire Invoice Processing #RoboticProcessAutomation can be summarized in 5 major steps.
Extracting Invoice: RPA will extract the PDF copies of Invoices from Email, or Workflow or from a dedicated folder etc.
Reading Invoices: Once the invoices are extracted, the Robot will read the specific fields in the Invoices that need to be updated in the ERP.
Verification of Invoices: RPA will verify the Invoice details like the Company code, Supplier number, VAT etc with the database and if verification passes it moves to the next step.
Inputting Invoice details in ERP: Once the required information is gathered and verified from the Invoices, RPA robot will open the ERP and key in all the fields that need to be filled. It can be in SAP, Oracle or whatever ERP your company uses.
Confirmation: Once the data has been successfully inputted in the ERP system, robot will provide a confirmation. Either it can be over email for each Invoice or a consolidated email for all posting. If require a report with all the posting details in excel etc. it can provided, its highly customizable however the organization wants.
The entire #InvoiceProcessing can be automated using robotic process automation.
In the above case after step 3 if the verification fails either bot can be configured to skip that invoice and move to the next or inform the responsible person immediately to check what action need to be taken next or even send back the invoice to the vendor etc.
So as I mentioned earlier all these factors are highly customizable however the organization wants depends upon the right RPA tool that the organization selects for the automation.
There are lots of RPA solutions available in the market, we at ASKEYGEEK help you do the end to end automation with the right RPA tool that suits your business requirement. Contact us before making your investment, we are happy to help.
☎️Contact us: www.askeygeek.com/ask/
🔍Find us on Facebook: / askeygeek

[@somyajain624]

Can you please share practical example of processing invoice

[@rajeshnairpk6929]

If it's uipath specific it vl be good if it's explained with the specific activities..

[@misalchugh8901]

can you provide the step-by-step demo of invoice processing...

[@navaneethanava9259]

Hi.. Did you find out how it's done?

[@swetaarora9753]

What will be the cost for this?

[@manasprabhatiwari]

Which RPA a is better for invoice processing automation. Blueprism, ui path Or automation anywhere.

[@pavaniprasad1]

uipath