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Smart Finance Starts with Automation
Reclaim time and ensure precision with SONDA’s reconciliation solution.
Reclaim time and ensure precision with SONDA’s reconciliation solution.
A financial team faced significant inefficiencies in reconciling daily transactions between SAP and a payment processing platform. The manual process required:
- Extracting and verifying financial data from SAP, Excel, and web portals. - Formatting and cleansing records before reconciliation. - Manually matching transactions and identifying discrepancies.
This process took 6 hours daily, consuming valuable time and increasing the risk of human errors.
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A Robotic Process Automation (RPA) solution was implemented to facilitate tax reporting. The automation process was as follows:
Extract and validate ffinancial data from multiple sources.
Perform automated reconciliation, ensuring accurate transaction matching.
Generate reports and notifications, flagging any required interventions.
Cutting reconciliation time significantly.
Eliminating errors and ensuring financial integrity.
Allowing teams to focus on higher-value tasks.
Unlocking new efficiency gains.
By replacing manual reconciliation with automation, the company streamlined financial operations, improved accuracy, and enhanced scalability enabling finance teams to work more strategically and efficiently.
