Intelligent Automation – Robotic Process Automation (RPA)
Robotic Process Automation uses technology to identify, capture, interpret and process transactions based on configurable rules and experience, triggering responses and actions and following them through to completion. Smyyth is a leader in the application of technology for credit-to-cash. We perform the complete service for you.
- Improve your cash flow and profits
- Accelerate transaction processing
- Improve customer satisfaction
- Cut overhead
- Eliminate low level work
Carixa Retriever connects to your Customer, Internal systems, and Shipper Websites to extract, interpret, complete or assign (via powerful workflow), the critical information need to process transactions, including reconciling deductions and credit memos, solving skipped invoices and other accounts receivable headaches.
Using intelligent automation, Retriever scans your receivables and anticipates or determines what needs to be done, and either completes, or initiates and tracks all activities to completion. For example, no longer will your team members need to navigate to customer or carrier sites and logon, search, download, cut, paste, and print documents.
All of this manual labor can be eliminated and your team can redirect its efforts to more important work. See the below video for an example of how Carixa’s Robotic Process Automation works.
A/R and A/P transactions have many similarities. Distributor receiving departments have large volumes of product coming in from multiple suppliers and accounts payable must match the receiving data against purchase orders down to SKU, serial number, and price. This is often completed with partial or entirely manual processes, Carixa Retriever can automate this labor intensive and error-prone operation, reconciling between purchase order, receiving documents and invoices. The system can approve for payment or initiate a debit memo for a shortage, pricing or compliance error, or a credit memo for an overage, or a customer reconciliation document.
Examples of our Robotic Process Automation Services;
“Pre-Deduction” Claims Resolution – Monitor and acquire pre-deduction notices as soon as they are posted for resolution before they are deducted. Retriever’s workflow drives the entire resolution process.
Deduction-Credit Memo Reconciliation – Acquire claim, rebate and return detail from customers and processing centers and reconcile the claims with receiving data and your credit memos.
Proofs of Delivery – When invoices are past due, acquire PODs from carrier and transmit them to the customer for early collection action.
Skipped Invoice Intervention – Identify skipped invoices and proactively submit an invoice copy with a proof of delivery (POD).
Cash Flow Forecaster – Monitor key customer payment sites to forecast cash from invoices being paid, how much, and when.
Reconcile Returns or Receiving Data – Reconcile receiving data vs. credit memo or invoice detail and issue a debit/credit memo or A/P transaction. The system can approve for payment or create a debit memo for a shortage, pricing or compliance error, or create a credit entry for an overage, or a reconciliation document.
Reseller Sales Tax Certificates – Acquire certificates, which are indexed, reviewed, scanned and digitally stored in a customer master, and updated annually.
Digital imaging and Indexing – Scan, index and store the important documents for online access when needed.
Text Translation Capabilities – Convert EDI data to your internal formats and forms.
Appending – Documents can be automatically attached to corresponding Invoices, Deductions, Contracts, or Workflow.
Our Carixa Robotic Automation tools are flexible so, whatever your problem, please speak with us to see if we can provide a scalable, custom solution to achieve your goals.