CNM LLP, an Accounting Advisory Firm Automates Rate Validation Process for Client Invoices
Reduction in manual efforts
Improved process turnaround time
Reduction in human errors
Industry
- Accounting and Financial Advisory
Processes Automated
- The rate validation process for client invoices
Automation Highlights
- Intelligent Document Processing for accurate data extraction from varied agreement formats
- In-built, real-time, slice and dice reporting and natively embedded workflow for process visibility
Automating Rate Validation Process for Client Invoices
To accurately bill clients, the CNM LLP team had to manually calculate client billing based on hours reported in its payroll application and cross-reference against client contracts. The Nividous team first standardized the structure of clients’ agreements and re-engineered the process. Nividous Smart Bots read fee rates from client contracts and match them to client billed hours to calculate appropriate charge amounts to be able to accurately generate invoices.
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Nividous’ AP automation solution is extremely sophisticated and handles complex processes by advancing RPA Bots with the capabilities of artificial intelligence, business process management, and embedded analytics. The robust automation and an ability to report on it along with solid workflow management help us effectively solve our clients’ challenges.
CNM LLP, An Accounting Advisory Firm
