Robotic Process Automation (RPA) refers to automated rule-based processes without the need for human supervision or labor, including automated cash application, collections and deduction management.
RPA enables the automatic access, capture, manipulation, interpretation, and action on data and documents from other internal and external systems. Using RPA, our system processes transactions then triggers responses or actions or communicates with other electronic systems. Think of RPA as a virtual robot that is able to automate repetitive tasks, and eliminate the related human quality and interpretation errors.
Robotic Process Automation software can perform many routine business processes by copying (and improving) the way people work with system interfaces including internet applications. Many business tasks, including invoice collections, deductions, and cash application can be substantially improved with RPA, and with 100% accuracy.
Curious about the benefits of RPA? Check out this infographic:
RPA and Accounts Receivable Improvement
Smyyth’s Robotic Process Automation tools include the proprietary Carixa Retriever™ — an RPA technology that can identify, capture, interpret, and process transactions based on configurable rules and experience, triggering responses and actions and following them through to completion. This includes automated data and document exchange with vendor - supplier portals.
Smyyth is a leader in the application of technology for credit-to-cash and accounts receivable.