$1B in Transactions Managed by Cash Application Automation

Intelligent automation case study in Manufacturing and Logistics.
Cash Application Automation processes $1B annually in accounts receivable transactions, reducing handling time by 90%.
Read the detailed case study here: wonderbotz.com/case-studies/l...
Team WonderBotz worked with North America’s largest beverage-bottling company’s Finance and Operations team. Each month they received payments from multiple vendors in different formats, such as wire transfers, ACH transfers, and checks. These payments were often missing crucial information, had errors, or required special handling. Manually remedying these errors was time-consuming and caused processing delays that negatively impacted revenue recognition, customer credit, and compliance.
WonderBotz ARIA Cash Application Automation provided a fleet of Digital Workers that could handle these special conditions. The Digital Workers leverage OCR to extract payment data from images and scanned documents, quickly and accurately matching incoming payments to customer invoices. The business rules that controlled the Bots are easy to adjust as business requirements change, ensuring the solution stays scalable.
This automation processed over $1B of accounts receivable transactions annually and reduced manual processing time by 90%.