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With a customised RPA solution designed by Ciphix, a global car manufacturer was able to automate their financial month-end closing process. Which enabled our client to save a lot of time and focus on their core business, especially during peak periods.
4 weeks implementation
FOR ANY ORGANISATION WITH COMPLEX FINANCIAL SYSTEMS
The digital assistant built with advanced RPA technology was able to master all manual tasks involved in the month-end closing, correct errors in the booking, and save the valuable time of highly-skilled finance employees.
Robotic Process AutomationRPA technology allows anyone to configure computer software or develop a robot to automate manual tasks. Give employees the freedom to focus on doing what they do best. Opt for software robots powered by RPA & AI and implemented by Ciphix. Transfer your repetitive, manual tasks to digital employees.
“Frequently recurring and administrative actions are fully automated with RPA. The daily process of adjusting prices is fully automated, as is the sending of emails to the relevant stakeholder. This saves the organisation a huge amount of time.”
12
Month end-closings per year
1
Digital assistant
144
Hours saved each year
OPPORTUNITY TO INTEGRATE RPA TECHNOLOGY
Our client came to us with a problem: their outdated Information Management System could no longer meet the needs of their evolving business. The system did not have the capacity to properly: process negative interest, transfer short-term loans or process loans of less than one year old. Which meant that when any of these actions occurred in the system, a member of their staff would need to go in and manually make corrections during each financial month-end.
These manual corrections required a lot of time each month – but they were necessary to ensure that the incorrect amounts did not lead to larger accounting errors during the closing. The car manufacturer asked Ciphix to design a solution which would eliminate the manual corrections without compromising the quality of the financial reporting. A solution that would give their Finance team more breathing space each month, and time to focus on finalizing rather than correcting.
RPA POWERED DIGITAL ASSISTANT AUTOMATES MONTH-END CLOSING
Based on the needs of our client, Ciphix designed a digital assistant with RPA technology. As a starting place, we converted the logic bundled in Excel for the robot or as we like to call it, the digital assistant.
The car manufacturer is very RPA-minded and is continuously exploring opportunities to automate other manual processes with Ciphix.
Learn more about how your organisation might embark on your own Digital Workforce Journey.
APPLIED TECHNOLOGIES
Robotic Process AutomationHOW IT WORKS FOR YOU
Elimination of manual work
Likelihood of errors decreases
Saves time of highly-skilled employees
Financial month-end completed efficiently
Ensures the integrity of financial reporting
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TRUSTED BY THE WORLD'S LEADING COMPANIES
Inspirational
Finance department
Staffing
Operations Department
Health & Medical
Planning Department
Retail & Consumer Goods
Apps for employees, Facility management
Retail, Retail & Consumer Goods
Apps for employees
Maritime engineering
Apps for employees
Apps for employees, Shopfloor Apps
Public Sector
Apps for customers, Customer Service
Multiple departments
Customer Service, Government
Construction, Infrastructure
Operations Department
Ciphix is een snelgroeiende hyperautomation specialist. Wij geloven dat het in een wereld met zoveel technologisch potentieel niet nodig is eentonig, saai en repeterend werk uit te voeren. Ciphix zet zich in om organisaties te helpen menselijk potentieel te benutten, door slimme automatisering van bedrijfsprocessen. Met een geïntegreerde benadering van Process Mining, RPA, Low-Code, Integrations en Machine Learning kan Ciphix haar klanten unieke oplossingen bieden voor hun zakelijke uitdagingen.
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