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CASE STUDY: RECONCILING PAYMENTS

OVERVIEW

Our client, a UK based insurance provider needed to reconcile PDF bank statements with an excel file containing premiums paid by their customers. Approved payments were then entered into an ERP system. The current process took over an hour and a half every day to complete, with an error rate of between 2-5% per month.

WE DELIVERED

Proservartner were able to develop a bot which logged onto the client’s banking system, downloaded the PDF and matched payments against the excel sheet. It automatically added approved payments onto the ERP system and provided a report to staff on outstanding payments.

OUR RESULTS

The bot was able to carry out this task in just 20 minutes, presenting a significant time saving, and with a 0% error rate. The company saw a return on investment within 7 months and this freed up employees to focus on higher-level tasks.

0% ERROR RATE

ROI IN 7 MONTHS

SMART OCR