Business Situation
This multi-national energy company manages its financial operations through one core entity, applying the same enablement processes for a large volume of providers, such as procurement and payment.
These treasury processes require proven and timely execution. Precision and auditability are key to proper management of cash flows. Hence, the requirement for continuous execution and control of processes. As a long-time partner, Avanade was engaged to help this client develop the processes leveraging robotics process automation (RPA).
Solution
An initial proof of concept (PoC) was developed using Blue Prism RPA technology to automate a key process. This clearly demonstrated automation increased operational efficiency within the finance services department.
Automation then moved from PoC to production, automating repetitive human processes to perform robotic reconciliation of banking movement and VAT declaration.
Results
Implementing robotic process automation across back-office functions has delivered reliable processing and more than a 30% time savings on the previous manual process. As a result, business productivity related to processes, such as procure to pay, has increased and business operations have become more robust.
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