Automation of Bank Statements Reconciliation Against QuickBooks for a Payee Services Provider in the US
The Nividous Intelligent Automation platform significantly saves time and minimizes manual errors in the bank statement reconciliation process, especially with the expected surge in monthly statements. This allows our employees to focus on more cognitive tasks.
Chief Executive Officer
A Payee Services Provider
Data accuracy
Increased efficiency
Reduction in manual efforts
Industry
- Finance
Processes Automated
- Payment posting
- Bank reconciliation
Automation Highlights
- The RPA Bots can be easily scaled as the accounts and their monthly bank statements soar
Automating Bank Statement Reconciliation
The implementation of the Nividous RPA Bot streamlines the previously time-consuming and error-prone manual bank statement reconciliation process. Automating steps like downloading statements from bank portals, validating data between statements and QuickBooks, and reconciling around 70 accounts monthly, significantly reduces manual effort and processing time.
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