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Restructuring through the leverage of new technologies to optimize financial processes

Restructuring through the leverage of new technologies to optimize financial processes

Intro

Diagnosis and digital transformation plan

Contribution of new technologies to improve performance (RPA, Machine learning, etc.)

Use of financial tools to accelerate automation (Treasury tool, etc.)

Scale the financial processes in line with the Business growth

Diagnosis and digital transformation plan

Contribution of new technologies to improve performance (RPA, Machine learning, etc.)

Use of financial tools to accelerate automation (Treasury tool, etc.)

Scale the financial processes in line with the Business growth

Diagnosis & Digital Transformation Plan

Diagnosis and digital transformation plan:

Contribution of new technologies to improve performance (RPA, Machine learning, etc.)

Use of financial tools to accelerate automation (Treasury tool, etc.)

Scale the financial processes in line with the Business growth

New technologies Impacts:

Contribution of new technologies to improve performance:

Very long and time consuming invoice matching process with carriers

Pain points related with the invoice matching process

What solutions to automate as much as possible this process

First learnings & conclusions:

  • Time spent in this process reduced by 50% (82h/month)
  • Time dedicated to analysis and claim for credit notes (added value for the team)
  • Allow process scalability (to face new integrations & transaction growth)
  • Automation allowing error limitation

After solving part of the issue with the accounting of the carrier invoices, we had to find a solution for all the other suppliers and establish a validation process

Expected achievements

First learnings & conclusions:

  • Avoid manual booking of > 200 invoices per month
  • Automated segmentation respecting our analytical structure (cost centres)
  • Invoice custody & storage in clouds
  • Tax recognition (VAT, retention - automated rules)
  • Automated validation workflow
  • Mobility: validation through mobile app

Use of financial tools to accelerate automation (Treasury tool, etc.):

Why accelerate automation ?

Focus on Bank Relationship Management: