Robotic Process Automation Real World Use Case in Retail and Distribution (Financial Statement Preparation), Hong Kong
One of the leading marketing, investment, and distribution organisation, headquartered in Hong Kong with offices across Asia initiated Robotic Process Automation project to automate the process of Financial Statement Preparation through different sources and applications. The goal of the project was to automate one of the most labour-intensive and time-consuming back office functions by reducing processing time and improving operational efficiency. Brought to the production robot delivered tremendous results by improving operational efficiency of the target process by more than 500% and enabled the business to greater manage financial related functions.
RPA Use Case Scope:
- Process name: Financial Statement Preparation;
- Involved applications: 2 core systems, Shared Drive, MS Excel, corporate e-email client;
- RPA Platform: UiPath;
- RPA deployment setup: unattended automation.
Key implemented robot's capabilities:
- Launching different core-systems and downloading reports for the respective period, reviewing and validating the required files from the Shared Drive as per defined business rules;
- Performing calculations according to defined financial rules and sending out the 1st intermediate report via e-mail to responsible business users;
- Consolidating the obtained results from different sources and applications, performing calculations in accordance with established business rules and preparing consolidated report with sale financial indicators for respective period;
- Saving the prepared reports on Shared Drive for further processing by business users.
Benefits and outcomes:
- Achieved full compliance with internal regulations and operational procedures;
- Achieved 100% of automation of the target process;
- Operational efficiency increased by more than 500%;
- Achieved 100% of data accuracy of target automated process;
- Development (net) delivery timeline – 3 (three) weeks.
Willing to know more about Robotic Process Automation or Intelligent Automation (Intelligent Document Processing), please contact our office in Hong Kong!
About «DMS Solutions»
«DMS Solutions» is a Technology company delivering Intelligent Automation Solutions. «DMS Solutions» is a vendor of Intelligent Integrated Platform for Document Processing (IDP – Intelligent Document Processing) and Document Workflow Automation (BPM - Business Process Management) - «elDoc».
«DMS Solutions» is your professional implementation service partner in the field of Intelligent Automation and Advanced Robotic Process Automation. We leverage Computer Vision, Machine Learning, Artificial Intelligence to build a powerful digital workforce for your business to win on the market. We focus on exploring new ways to apply disruptive technologies and recent inventions to bring innovative automation solutions in. We break boundaries and help clients to achieve their strategic goals through delivering next-generation solutions.
«DMS Solutions» is a Gold Implementation Partner of UiPath and official re-seller of UiPath Products in Hong Kong and APAC.