Why RPA is essential for organizations in the digital age?

RPA or Robotic Process Automation is the technology developed to deal with automatic processes which are changed from employee’s routine work. Using RPA can reduce working time and errors and bring about more productivity.

RPA used in any applications

RPA has been used to increase capability of work in each enterprise both in Thailand and in overseas for many years. Currently RPA has been proved by many enterprises that it is effective, and it can be applied and developed to work well with various applications running in each department.

RPA can operate on every platform on computers and programs on Windows. It can send e-mail automatically, and link to websites, SAP system, ERP system, and other systems used in your company.

RPA Features

  • Easy-to-use, compatible with organization level applications
  • Expandable and supporting business growth
  • Stable and secure, suitable for finance sector
  • Integrating with AI and analytics tools for fully supporting digital workforce
  • Providing experts for consultation and possible to apply to every industry

Samples of automation process using RPA

1. Invoice reconciliation

Invoice reconcilation by RPA

The Accounting Department uses RPA in invoice reconciliation process to reduce the process time of checking invoice and order data. An accountant just scans invoice documents to reconcile and keeps them in a folder, then sets the robot program to run by using OCR function to extract the data, saves them and checks the accuracy of the invoice. The robot takes not over 5 seconds per 1 invoice. Moreover, it can reduce errors occurred by visual checking.

2. Payment and collection

Using RPA to check payment records

The Finance Department uses RPA to check customer’s payment by getting statement data from banks’ websites and proceeding them based on the internal process, generating reports, and updating data to internal systems. As a result, they can trace the status of customer payment at once.

3. Checking shipping document

Using RPA to check shipping documents

The Purchasing Department uses RPA to check accuracy of shipment by comparing between shipping document and a quotation. In this case RPA technology and OCR are applied together. After scanning documents by OCR, it keeps the data in the document management system automatically, so it can reduce 100% of employee’s operation time.

4. Recording journal vouchers

Using RPA to record journal vouchers

The Accounting Department uses RPA to import many journal vouchers to the ERP system. An accountant just prepares the data in Excel file, after that RPA will import them to ERP system and the staff can check the accuracy of data importing.

5. Purchase order data extraction

Using RPA to purchase order data

The Purchasing Department uses RPA to scan PO documents and store data in the database automatically. The system can check the data validation and inform the staff, so it can reduce time and increase work efficiency.

RPA functions and capabilities can be applied and developed to many automation processes in each business and each department.

How does RPA work?
  • Bank and finance business use RPA to check data, migrate data between applications of banks, manage customer data of each bank, generate reports, etc.
  • Retail business uses RPA to manage product data received from suppliers in many formats, collect price data from partners and competitors’ websites and compare them, and manage marketing data and customer data.
  • Manufacturing and industrial business use RPA to manage inventory data and logistics data, check data from suppliers and automatically compare price data from many suppliers.
  • Government sector uses RPA to manage data in various forms by importing them to the system automatically. Then they can check the data accuracy in the system. Moreover, the current systems can be integrated with the newly developed application.
  • The HR department uses RPA to manage salary and allowance data, generate reports regarding human resources.

From the above-mentioned use cases, you can see that RPA technology becomes an essential part of the enterprises to move forward to the future, while they need to reduce costs and improve work efficiency of employees to be able to compete in current market.

If you want to know more about RPA implementation, please feel free to contact us at thaisales@iconext.co.th or click Inquiry Form.

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Improving efficiency of accounting operations by RPA

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