Statement Credit / Audits
Decision Engines integration with Microsoft Excel and Adobe PDF
Decision Engines is an AI-driven technology company that offers prebuilt connector bots that provide statement credits and audits. These bots can be used to extract valuable information from various types of documents, including credit statements. By using Decision Engines’ prebuilt connector bots, companies can save time and resources by automating the process of auditing and reconciling financial statements.
One of the key features of Decision Engines’ connector bots is their ability to work with documents in both Excel and PDF formats. When a company uploads a statement in either of these formats, the bot can quickly scan the document and extract all relevant data. This data can then be used to perform various tasks, such as identifying errors or discrepancies in the statement, tracking expenses, and generating reports.
Challenge: Every month, a Pharmaceutical Distributor in Finance gets summaries of credits and debits from their vendors. However, due to manual processing errors, many distinctions aren’t correctly applied to vendor accounts. An auditing firm reviews all credits semi-annually, charging a service fee of 17% on their findings. This situation leads to decreased cash flow, inaccurate vendor accounts, and a rise in audit costs.
Solution: Decision Engines effortlessly identifies and digitizes credit memos from all vendor interactions. After an expert approves the report, these memos are reconciled and applied to the respective vendor accounts.
Why Choose Decision Engines
Decision Engines’ prebuilt connector bots are an excellent solution for businesses looking to automate their accounts payable processes. The platform’s multilingual capabilities, seamless integration with PO and Payment systems, and integration with SAP Ariba and Salesforce make it a powerful solution for companies of all sizes. With Decision Engines, businesses can streamline their operations, reduce costs, and improve their bottom line.
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