Let our intelligent finance and accounting automation crunch the numbers so you can transform your business
Fast-track operations with AI. By optimizing your office for data-driven decision making, you'll be running smoothly, giving your team back time for the work that matters most.
The finance department is vitally important in ensuring workflow efficiencies, reducing risk, and becoming a strategic partner to your business. UiPath offers AI-fueled, end-to-end robotic process automation (RPA) that enables finance-driven innovation. It reduces costs, processing times, and risk to increase both accuracy and your team’s capacity to focus on high-value, strategic work.
Fast-track digital transformation with finance and accounting RPA
98%
of sales order workload can be shifted to robots
80%
faster reconciliation times
2x
greater transaction processing capacity
Turn finance and accounting bottlenecks into breakthroughs
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Close the books on inefficient processes
Transform paperwork into robot work, and watch how customer, partner, and employee experiences improve.
White paper
How AI-powered finance automation delivers transformative business value
Read this white paper to learn how RPA and artificial intelligence can uncover inefficiencies and opportunities for finance and accounting automation.
Top Automation Areas
Finance and accounting
Procure to pay
Faster, more efficient, straight-through processing
Highly manual, repetitive tasks and disjointed application environments make for negative experiences. Improve your days payable outstanding (DPO) by accelerating invoice processing and transforming the supplier experience with faster onboarding and more streamlined communication.
Management procurement activities
Automate your activities, including purchasing and receiving goods and services, and integrate them with accounts payable to complete the purchase-to-pay cycle. By supplying all the documents necessary to process invoices both quickly and easily, you’ll reduce turnaround times for payment.
Ask us about these business use cases:
Measure performance
Develop procurement strategy and process
Manage supplier and vendor relationships
Purchase goods and services
The efficiency of the purchase-to-pay (P2P) process affects satisfaction rates, costs, and influences your company’s ability to achieve wider business goals. And it touches nearly every department. The wide-reaching nature of the process means there is a huge incentive for companies to optimize it.
By automating P2P, you’ll experience better supplier collaboration, employee satisfaction, productivity, profitability, and improved supplier relationships. Robots make the P2P cycle faster and more reliable, keeping suppliers happy and lowering your risk.
Ask us about these business use cases:
Create and submit requisitions
Create purchase orders
Submit purchase orders to vendors
Manage requisition approvals
Manage purchase order approvals
Receive goods and services
Receiving goods and services is an important process to confirm that goods or services purchased have been received or completed following a purchase agreement or purchase order. This confirmation is then used to support the 3-way invoice matching process to authorize payment to the vendor.
Robotic automation can improve and expedite the goods receipt (GR) process by digitizing and automating GR tasks. This improves inventory level accuracy, provides accurate information to finance to support 3-way invoice matching, and authorizes payment efficiently. This helps maximize early payment discounts or timely payments, resulting in improved supplier relationships.
Ask us about these business use cases:
Process receipts
Receive goods and services
Manage discrepancies and returns
Manage inventory
Process invoices
Explore more invoice automation solutionsImprove invoice processing accuracy by using automation combined with AI (UiPath Document Understanding) to reengineer workflows, digitizing invoice collection, validation, and storage. Our robots extract, interpret, and process data for you, even from PDFs, images, handwriting, and scans, reducing turnaround times and freeing up time spent on highly manual tasks.
Ask us about these business use cases:
Manual invoice collection, digitalization, and storage
Process electronic invoicing
Validate and handle invoice data
Submit transactions for processing
Manage matching discrepancies
Process payment
With Document Understanding, robots read invoices that have been processed and are ready for payment, digitizing your payment processing procedures. With the addition of AI and machine learning (ML), you’ll run them smoothly. Handle payment reconciliations and manage any exceptions that may pop up along the way.
Ask us about these business use cases:
Run payment process
Complete initial payment review
Handle payment reconciliations
Manage payment exceptions
Generate reports
Deliver a wide range of deep analytics and high-powered reporting to both optimize and automate a very important aspect of your business.
Ask us about these business use cases:
Generate standard reports
Distribute and manage reports
Develop reporting process and policies
Generate ad-hoc reports
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Order to cash
Delight customers and realize revenue faster
Create the ultimate customer experience and reduce days sales outstanding (DSO) by empowering collaboration, controlling costs, and maximizing cashflow. Increase operating leverage by digitizing data input, automating sales order entry and billing processes, increasing productivity, and reducing any billing errors to zero.
Customer onboarding
Automate tedious, manual finance processes like onboarding and help your new customers with manual tasks by getting them set up in your system. Our robots help fuel your growth by reviewing and accepting applications, managing terms and conditions, contracts, and even negotiating pricing for you.
Each task can involve a standalone system that doesn’t necessarily play well with the others, and automation can help. Turn them into smoothly running processes by extracting information from one and entering it into another.
Ask us about these business use cases:
Create and update product master
Set up customer in system(s)
Manage customer master data
Create and manage reports
Review and accept customer applications
Manage terms and conditions
Negotiate pricing, terms, and conditions
Manage customer contracts
Access and manage credit
Accessing and managing credit is a crucial, time-consuming aspect of your business, and it needs to run smoothly. Utilize business automation to help you develop reports, conduct assessments, and perform credit checks. Streamline these processes, all while making sure you’re getting paid on time.
Ask us about these business use cases:
Establish credit and risk strategy, process, and policies
Develop and manage reports
Conduct new customer credit assessment
Perform credit checks
Manage quote to order
Manage customized quotes efficiently with automation. By introducing AI-powered technology into the process, finance teams ensure customers receive accurate quotes, orders are fulfilled correctly, and any issues are resolved seamlessly. Not only will this boost customer satisfaction—it could lead to increased sales and revenue for your organization, too.
Ask us about these business use cases:
Identify, manage, and qualify leads
Create and manage customer orders
Create initial sales quote
Create and manage reports
Prioritize opportunities
Approve pricing, discounts, and promotions
Negotiate and finalize sale
Process and fulfill order
There are many steps that go into fulfilling a customer’s order, and any break in the process can mean the difference between a happy customer—or an unhappy one. Let our innovative automation platform help you manage your inventory, returns, and reporting by digitizing the entire order management process, increasing your productivity.
Ask us about these business use cases:
Process order
Manage shipping and inventory
Process returns and exchanges
Create and manage reports
Manage rebates and chargebacks
Create order management, strategy, process, and policy
Manage orders
Invoice customers
When it comes to invoicing your customers, there are a lot of manual steps involved. Generating the invoice, validating it before it goes out, posting receivables, and reporting—the list goes on and on. Utilize RPA and remove the manual work with your invoicing processes and procedures and experience 3x increased productivity.
Ask us about these business use cases:
Generate invoices
Invoice validation and distribution
Post receivables to general ledger
Create and manage reports
Create invoicing process and policies
Process A/R and collections
From the moment an invoice is created to when it’s settled, there can be lots of hiccups when manual work is involved. Let our technology find the untapped automation potential in your processes. We'll assist you with processing cash, managing debts, and help with your accounts receivable (A/R) and collections strategy and policy to reduce overdue payments and DSO.
Software robots perform tasks such as collecting bank statements and entering critical financial data into the A/R system. We can also streamline the matching of your payments to open invoices.
Ask us about these business use cases:
Process cash applications against open invoices
Prepare aging and bad debt analysis
Create and manage reports
Manage customer collections
Develop A/R and collections strategy, process, and policy
Issue statements
Manage cash
Managing your company’s cashflow is a necessity and is even better with data-driven decision making. Effective management involves reviewing the cash you have on hand, reporting, reconciling and reporting cash, and monitoring its performance.
Ask us about these business use cases:
Prepare and review daily cash
Perform balance reporting
Collect bank reconciliations
Create and manage reports
Monitor banking performance
Process customer inquiries and complaints
Before businesses will introduce automation, some look to other solutions to help revamp processes. The UiPath process mining solution provides insights on how the order to cash (O2C) process is performing and gives you the opportunity to verify the root cause of any issues. When combined with RPA, it leads to huge leaps in efficiency, cost savings, and overall customer satisfaction.
Ask us about these business use cases:
Develop cash management strategy, process, and policies
Develop service strategy, process, and policies
Process inquiries
Review customer complaints
Communicate resolution to customer
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Record to report
Innovative reporting done right
Produce timely and accurate business reporting, both internally and externally, to drive growth with a more engaged accounting team. Automate complex journal entries, the extraction of monthly reports, and reduce processing times for disclosure.
Planning and management accounting
Let our automation platform take over repetitive accounting tasks and change the game for your business so you can empower your team of experts to take on more strategic work. Software robots fill the gaps in a patchwork of disparate systems and remove the manual work of integrating data from multiple sources.
Ask us about these business use cases:
Perform planning/budgeting/forecasting
Perform cost accounting and control
Perform cost management
Evaluate and manage financial performance
General accounting and reporting
Use AI-powered automation to implement innovative accounting practices, take over cumbersome reporting functions, and manage your business’s policies and procedures. Decision makers get perspective to make quick decisions on budgets, forecasts, strategies, and governance.
Ask us about these business use cases:
Perform general accounting
Perform fixed asset accounting
Perform financial reporting
Manage GA policies and procedures
Fixed asset project accounting
Digitize tasks related to capital planning, project accounting, and get your projects approved faster, too.
Ask us about these business use cases:
Perform capital planning and project approval
Perform capital project accounting
Payroll accounting
Utilize robots to report time and create and post payroll for your biggest asset—your employees.
Ask us about these business use cases:
Report time
Creation and posting of payroll into general ledger
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Treasury
Optimize liquidities and cash-forecast reliability
Empower treasury analysts to identify investment opportunities with greater speed, accuracy, and confidence, and decrease uninvested cash by improving cash-forecast reliability. Digitize reconciliation processes, eliminate errors from workflows, and automate data extraction, freeing up analyst time to focus on more strategic work.
Manage treasury processes and procedures
Administering treasury procedures is an essential part of your business's financial management. This function not only handles your company's cashflow and financial assets, but also ensures it has sufficient liquidity to meet its financial obligations.
Introduce automation and transform your processes into smarter ones to help establish your scope, helping mitigate risk.
Ask us about these business use cases:
Establish scope and governance of treasury operations
Establish and publish treasury policies
Develop, monitor, audit, and revise treasury procedures
Develop and confirm internal controls for treasury
Define system security requirements
Manage cash
Managing cash is essential to the financial health of your company, and digitizing the processes within it can help it run more smoothly. Effective administration requires tracking and analyzing cashflow, forecasting, and implementing techniques and strategies. This ensures you have enough cash on hand to meet your financial obligations.
Ask us about these business use cases:
Produce cash management account transactions and reports
Download bank statements and reconcile cash positions
Preparation of cash equivalents report
Process and oversee electronic fund transfers
Develop cash flow forecasts
Manage and oversee banking relationships
Analyze, negotiate, resolve, and confirm bank fees
Manage in-house bank accounts
Overseeing in-house bank accounts is an important function within the treasury department of your company (not to mention a great use case for RPA and AI). In-house banking involves centralizing cash management activities within your company by merging cashflows from different subsidiaries or business units. This helps improve visibility over your cash position and simplifies cash management practices.
Ask us about these business use cases:
Manage in-house bank accounts for subsidiaries
Manage central incoming payments on behalf of subsidiaries
Manage internal payments and net transactions
Calculate interest and fees for in-house bank accounts
Provide account statements for in-house bank accounts
Manage and facilitate inter-company loan transactions
Manage central outgoing payments on behalf of subsidiaries
Manage debt and investments
Managing debt and investments are important aspects of financial administration and involve the strategic supervision of an organization's financial resources. Effective treasury management (particularly with the addition of business automation and AI) helps your company maximize liquidity and enhances your financial performance.
Ask us about these business use cases:
Manage liquidity
Manage issuer exposure
Process and oversee debt and investment transactions
Process and oversee foreign currency transactions
Produce debt and investment account transaction reports
Process and oversee interest rate transactions
Manage financial intermediary relationships
Manage risk and hedging strategies
One key aspect of risk management is monitoring interest rates. Interest rates have a significant impact on your risk strategy and financial performance. By deploying AI-powered technology and bots to oversee changes in rates, you'll stay ahead of the game, minimizing risk.
Ask us about these business use cases:
Execute hedging transactions
Produce hedge account transactions and reports
Manage interest rate risk
Manage foreign exchange risk
Manage exposure risk
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White paper
Hear from your peers who have already automated
Learn how RPA has automated repetitive, error-prone tasks and brought benefits to finance and accounting users in this PeerPaper™ Report Realizing the Benefits of RPA in Finance and Accounting.
Automate your finance and accounting department end-to-end
Seamless data extraction
Software robots can read screens, navigate interfaces, and pull information from scanned documents—faster and more accurately than their human colleagues.
Drag-and-drop artificial intelligence (AI)
With AI, software robots can emulate aspects of human decision making to streamline a wider range of financial and accounting processes.
Unstructured data analysis
Data from different sources in different formats? Software robots can find the needed information and do what needs to be done.
Task/process mining
Which finance and accounting practices are the best candidates for automation? You don’t have to rely on intuition and educated guesses. UiPath Task Mining and Process Mining can help you discover your best opportunities.
Reinvent the business, not the wheel
Our prebuilt automations and ready-to-go connectors can give you a head start on a more innovative future for finance and accounting.
Stop pushing paper and start driving real change
Webinar
RPA taking finance and accounting into the cutting edge
Discover how automation can transform age-old practices into cutting-edge processes.
