Robotic Process Automation Speeds A/R Collection, Reconciliation

Administrative staff grinds through thousands of costly, mind-numbing, backlogged, and error-prone manual transactions. If you could eliminate this repetitive work, your staff could be redeployed to more important jobs.

Standalone or Integrated

The solution is Carixa Robotic Process Automation (“RPA”), either standalone or integrated with the Carixa Cloud Suite, SAP, PeopleSoft, JD Edwards, Oracle, NetSuite, or your own legacy system. Carixa RPA automates repetitive activity for A/R, cash application, chargebacks, and reconciliation, including autonomously accessing disparate internal and external systems (like trading partner portals) to complete a process.

The A/R system is synchronized to reflect these actions. Once it’s set up, Carixa RPA runs itself, and these low-value jobs get done error-free, in real-time, with no backlogs.

Carixa Robotic Process Automation with machine learning streamlines simple as well as complex. if/then conditional-statement, multi-step operations. This includes many A/R functions, including a two-way pull-push interface with external trading partner portals.  Some ask”how does robotic process automation differ from intelligent automation”, and the answer is that it is all three are part of smart technology. Whether employing one or all of AI, Machine Learning, or Robotic Process Automation, the objective is to accelerate and automate the repetitive processes that are subject to human errors and a drain on scarce manpower.

Streamlining Routine Accounts Receivable

Here are just a few obvious cases for streamlining routine accounts receivable management operations with Carixa RPA, which works for any customer, carrier, or logistics partner with a web portal, like Walmart, Target, Amazon, Home Depot, Dicks, JCPenney, Kohl’s, Macy’s, etc.

1. Advance Deduction Notices for pricing, returns, shortages, etc., so you can get a jump on them.
2. Post Deduction Denials to big-box portals for faster resolution of denied claims.
3. Identify Skipped Invoices before they are past due so you can get POD.
4. Get Proof of Deliveries instantly or when the RPA-BOT identifies a past-due invoice.
5. Carrier Delivery Portals accessed on-demand for PODs, then attached to the A/R record. The same process also works for in-house, public warehouses, or any other web-facing systems.
6. Bank Statement Auto-Retrieval of deposits, lockbox receipts, ACH receipts, and outgoing payments.
7. Sales Tax Resale Certificates are kept up-to-date with RPA BOTs and appended to the file.
8. Returns Variance Reconciliation with RPA “BOT” access to returns centers debit memo receiving data, then automatically reconciled against credit memo data, with auto-generation of chargebacks.

How do you start? Call us; we’ll identify actions, events, decisions, and rules, and Carixa Robotic Process Engine will automate it for you. No programming, no software, no hassle. You can start in as few as 14 days.

FAQs

1. Is it complicated? NO! We set it up and manage it to handle your tasks.
2. Does it take a long time? The onboarding can be as short as 21 days, depending on the function.
3. What’s the cost? A pittance compared to what you will save in labor.
4. How do we find out more? Contact us and we’ll get back to you ASAP