ElectroNeek Bot Library

Invoice reconciliation

Case for Automation

Invoice reconciliation is a vital task in various industries, especially in accounting and finance. Yet depending on your accounting department or the size of the business it may take up to 40+ hours weekly to reconcile a bunch of invoices.

It implies the extraction of all the transaction related documents, comparing the fields and numbers manually and verifying that everything is correct.

Such a time-consuming process definitely needs automation which ElectroNeek would love to bring in. 

Bot Activities
  • Reconciles data in suppliers statements with the data stored in the internal systems
  • Reconciles data in bank statements with internat General Ledger system
  • Exports the matched items to corporate accounting systems
  • Creates notifications by email or in Slack upon reconciliation task is completed
  • Reconciles the accuracy of the data stored in Excel spreadsheets with the primary documents’ data
  • Creates reports on invoice data reconciliation
Automated software

MS Excel

MS Outlook

Sage

Salesforce

Slack

🚀 Author
  • Electroneek
📒 Bot Category
  • Finance and Accounting
💡 Tags
Related Blog Post
‘RPA 101’: What is RPA in Finance?
10th February 2020
‘RPA 101’: What is RPA in Finance?
‘RPA 101’: How to use RPA with savings?
6th March 2020
‘RPA 101’: How to use RPA with savings?

Get this bot from ElectroNeek Partners

Get matched with ElectroNeek Partner to get this or similar bot running in your organization without paying for any RPA software. Yes, this is possible. Only with ElectroNeek.

Get this bot from ElectroNeek Partners

Get matched with ElectroNeek Partner to get this or similar bot running in your organization without paying for any RPA software. Yes, this is possible. Only with ElectroNeek.

    Thank you,
    our team will reach out soon!