Why Accounts Receivable RPA technology is the best AR automation solution on the market.
It’s no secret that the number of chargeback claims made by retailers has increased by astounding amounts in recent years. There are a number of factors for this including increased warehouse automation and continued strain in freight transportation. Traditionally shortage, compliance, and pricing claims would be handled and processed one at a time, forcing companies to augment their workforce and spend precious time, money, and energy..
With supporting documents being stored in multiple systems, RPA or Robotic Process Automation Technology takes the grunt work out of your AR processes. With 100% Automated Deductions Processing, your employees have more time and energy to focus and engage with what matters. One area within accounting where RPA really shines is deduction management, where RPA is commonly used in cash application and OTC workflow. In this instance, RPA pulls, sorts, and submits all relevant documents for a claims dispute in a fraction of the time. Where a human worker might be able to process up to 70 claims in a workday, RPA is able to process over 500 claims daily making it a more quick and accurate solution, ultimately leading to more successful disputes, and thus quickly recovered revenue.
By utilizing RPA and AI Technology, iNymbus is able to provide the best accounts receivable automated solutions the industry has to offer for deductions management, carefully tailoring to each company’s specific processes. And the best part of all: it can all be fully integrated into a company’s workflow in just 4-6 weeks! Schedule a Demo today and our experts will lead you through how our groundbreaking technology can streamline your deductions management process and help you recover stuck revenue.