The Problems and Challenges in Finance
Finance, accounting and payroll are the silent engine rooms of every business. Without them, organisations can’t make purchases, pay their bills or compensate their staff while keeping track of their budgets. Yet, these critical business functions are often filled with repetitive processes. Everything from matching purchase orders, creating invoices and making payments to processing timesheets and reconciling bank accounts take time away from staff that could be better spent on solving complex business problems.
Finance, accounting and payroll are the silent engine rooms of every business and are often filled with repetitive processes. When you automate repetitive tasks, you free your team to work on higher-value tasks and to focus on new ways to grow the business.
How Automation can help
Automation can give your organisation the only thing that money can’t buy: More time.
When you automate repetitive tasks, you free your team to work on higher-value tasks and to focus on new ways to grow the business.
For example, when an invoice arrives into accounts payable, someone needs to read that invoice, find the pertinent information on it and then transpose that data into your finance application. Some of the data, such as dates, unique identifiers, supplier names, ABNs and other details are easy to identify, but product and service descriptions and payment instructions can be harder to transpose into your own system. Intelligent automation locates the relevant information and automatically enters it into your accounting system, which saves you time while boosting productivity.
Why choose CiGen?
CiGen has worked with finance, accounting and payroll teams from many different organisations across a number of sectors. At CiGen, we were one of the first companies to apply Robotic Process Automation (RPA) and intelligent automation to help Australian organisations with greater speed and efficiency. Our approach delivers rapid results by identifying the processes that are the best candidates for automation.
