Automation In The Financial Services And Accounting Industries

The RPA boost for Financial Services and the Industry
“RPA offers the ability to change business processes quite quickly, as opposed to taking a holistic enterprise wide-approach, that could take a lot of time and a lot of money to achieve.”

In their quest for digital transformation, banking organizations and other financial institutions have established themselves as the early adopters of smart technologies. Intelligent software is already making a difference in front-end, customer-facing systems.

Delivering more consistent services to the customer is paramount. RoboWorx helps finance and banking companies differentiate themselves. It provides efficiency and lowers costs while ensuring regulatory compliance and deeper analytical insight.

  • Accounts Payable
  • Reconciliations
  • HR Processes
  • Invoice Processing
  • Invoice Processing with OCR

Sample of Processes for Financial Services Automation

  • Accounts Payable
  • Quote to Cash
  • Accrual Booking Remittance
  • Commercial Deposit Operations
  • Commercial Lending
  • Procure to Pay
  • Consumer Loan Automation
  • Accounts Receivable
  • Credit Card Processing
  • Foreign Exchange
  • Line of Credit
  • Credit Verification
  • Mortgage Processing
  • Overdraft Protection
  • FundTransfers
  • Small Business Loans
  • Tax Return Preparation
  • Wealth Management

Watch how finance and accounting professionals can use financial services automation to scan the system for journal entries that require invoice attachments and then provide that link to the back office robot which then updates the journal entry in the SAP system.

How Does Optelcon Add Value?

Optelcon is in the business of making companies more profitable by reducing & containing costs, improving efficiency and sourcing more effectively. Through our strategic partners, Optelcon is vendor-neutral, RPA integrator. With over 50 RPA developers and process engineers, we use best practices to help select the best software for the job, document, program, integrate, and update the bots when processes change. We make sure it gets done right.

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