Accounts Receivable Automation

Faster revenue realisation and payment reconciliation for improved cashflow

Fully integrated, RPA-enabled automation facilitates the finance function of small and medium enterprises to reduce past-due outstanding payments and revenue leakages.

60%

Reduction in under-invoicing

3x

Faster internal invoice processing

50%

Reduction in time spent reconciliation with collections

80%

Faster recipt of payments

Key Features

Automated Entries

Updated accounts receivables based on invoices generated.

API Integrations to EDI

Integrates with hird-party sources to automatically ingest invoice and bank statements.

Matching Engine

Reconciles invoices to accounts receivables, and payments from bank statement and alerts the finance team for any exceptions.

Customised Customer Communications

Sends udpdates and reminders on invoices, payments and acknowledgement.

Customer Stories

Transforming Compliance Policy Management with GenAI

Discover how LatentBridge’s GenAI-powered solution enhanced accessibility and understanding of regulatory compliance policies for a large European financial services firm.

99%

Success in fetching contextualised information

Instant

Access to relevant information

Faster

Document search and compare

Customer Stories

Accelerating digital transformation with an Intelligent Automation CoE for a leading business process services provider

Established an Intelligent Automation Centre of Excellence (IA CoE) to scale automation initiatives across the organisation and meet business goals of customer experience, employee engagement, and process efficiencies. The IA CoE put together an automation roadmap by identifying the right automation candidates, an ROI maximisation framework, best practices for tools and methodologies, and the adoption of industry standards in processes and documentation.

30%

Reusable code was developed showcasing an extensible design philosophy

1.3X

Faster release cycle for new processes

2

Processes were automated in parallel as benchmark processes

Customer Stories

Increased efficiency of Accounts Payable for a leading industry organisation of merchants

Modernised Accounts Payable function with Robotic Process Automation (RPA) and AI-based solution handling more than 40000 invoices across about 100 merchants. A single intelligent automation framework was developed to enable automated extraction of invoice data, verification against purchase orders, making journal entries and communication exceptions with relevant teams.

95%

Accurate reconciliation of invoices

75%

Reduction in manual efforts

15%

Reduction in overdue payments

Customer Stories

Improved fee collection and revenues for leading wealth and investment adviser in the UK

Streamlined revenue and billing operations across more than 3000 clients and over 80 plan administrators by designing a centralised fee management and administration platform. The solution included an API-based ingestion of fee statements, automated fee receivables, matched it to statement data and flagged unmatched items, thus improving fee collection and improving business productivity.

80%

Fee management efforts automated

85%

Reduction in supervision efforts

65%

Real-time / on-demand Fee MIS & Analytics

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Insights