Time: 90% Efficiency Gain | Effort: 100% Effort Reduction | Quality: 0% Errors
Due to organic growth and expansion of the company, our client operated a number of legacy and unintegrated ERP systems, all of which were independently managed for the period end close and the data manually manipulated and transferred using spreadsheets, and then converted to USD using corporate exchange rates.
For the pilot, we built two robots, a dispatcher and a performer. The dispatcher accessed the various ERP systems and extracted the financial close information and the performer robot then consolidated and handled currency conversions, in line with the company policies. The dispatcher robot also validated the chart of accounts and updated the legacy systems automatically, in line with the primary set of books.
The entire automation was developed and went live within six weeks. Return on investment for the automation was an average 205% per annum, with a payback period of 3.5 months. The financial close cycle was further reduced by 3 days and eliminated all errors and rework.