Revenue and expense management is important for organisations, as poor management will affect the organisation’s financial standing and customer experience. By automating the processes, order-to-cash and procure-to-cash lifecycles are tightly integrated and will give the users full visibility and control.
Document Process Automation Solution transforms manual-intensive Order-to-Cash and Procure-to-Payment processes by automating the workflow to drive efficiencies and maximise the cash conversion cycle. This is done through RPA (Robotic Process Automation), a technology that automatically completes repetitive yet complex document processing in large volumes.
Order-to-cash and Procure-to-Payment processes are complex and often are inter-departmentally connected. From sales order, customer invoices to invoice delivery, and cash collection, organisations need to have control and visibility to have seamless lifecycle management and proper management of supplier and customer relationships. For this to be done, in addition to RPA document processing, Intelligent Document Processing can be leveraged by organisations. Intelligent Document Processing facilitates in the automation of more processes such as the extraction of information from unstructured data and sends it to the proper location so that your business can efficiently process documents through accelerated automation in Singapore.
Document Process Automation solution covers the lifecycle of revenue and expense operations.
The solution allows the automation of order processing lifecycle so that you can process and track the order with visibility and efficiency.
Manage your financials as the solution automates the delivery of digital invoices timely, receipts of payments and archival of the invoices.
Eliminate manual process by going digital with online requisition and forms and approval workflow.
Evidence based and timely payment to suppliers by automating invoice processing with capture technology and digital workflow for approval.
Benefits of Intelligent Document Processing & RPA
By incorporating an RPA system for routine document management tasks, the AI encodes them into rules that a computer-based system can later utilise to complete these tasks unattended. These speeds up the execution of business processes that involves internal communication with web-based systems or applications. By extending RPA with intelligent document processing, process automation for document management becomes free of manual labour. This has led to the increasing in popularity amongst corporations as it is a simple operation with many benefits. Advantages of a document automation software like Konica Minolta’s Document Process Automation Solution includes:
- Improved customer experience and supplier relationship
- Greater control and visibility
- Improved revenue and expense management