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Manufacturing

AP: 3-way matching & data entry


The three-way match involves comparing the following information:
The description, quantity, cost, and terms on the company's purchase order.
The description and quantity of goods shown on the receiving report.
The description, quantity, cost, terms, and math on the vendor invoice.

If all checks out, the bot proceeds to enter the invoice details into the Accounting system. Usually the bot reads details like Due Date, payment terms, line items, PO numbers, amount, etc. from a PDF. Each vendor has its own format, beyond that, new formats might appear in the future, or existing formats can change anytime. The robot is thoroughly pre-trained to handle all possible variations.

Check, ACH, CC & Wire: reconciliation + data entry


This process is also called ‘cash posting’, ‘cash receipts’, ‘cash application’, etc. The robot can read check images, ACH deposits, Wire receipts and credit card transactions to apply payments from customers toward their open invoices. It can apply complex rules and logic for refunds, partial-payments, credit memos, etc. The robot will flag any discrepancies for human review

Inventory reconciliation & updating

Maintaining all the SKUs in stock and ensuring warehouse(s) records are always reflecting accurate quantities is a full time job. Delays in reconciling inventory can cost businesses in lost sales and process inefficiency. Robot can intelligently predict scenarios and send notifications before you run low or completely out of inventory items.

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