Maintaining a CRM can be tedious work in any capacity, but with finance and accounting, the quantity of data alone makes it a particularly time-intensive business task. With RPA and intelligent automation, you can outsource the bulk of this work to automation bots, which can extract relevant customer details from various sources, both structured and unstructured, automatically updating records and maintaining a more accurate CRM.

From invoicing to accounts receivable and accounts payable, manual data entry in accounting is riddled with potential for errors. Eliminate errors with intelligent automation, which can use RPA to send and retrieve information from invoices, purchase orders and other documents. Then, use AI to analyze, extract and leverage the data in other ways, all with error-free precision.

For many businesses, cash flow and liquidity is dependent on the process of invoicing and collecting funds owed from customers. This process can be quite involved, inclusive of inputting customer data, invoice and order reconciliation, verifying invoice accuracy, and ultimately collecting the invoiced payments. EZFlow streamlines every aspect of the process with RPA and AI, working between systems and departments to send and retrieve critical data, reconciling prices and orders and providing better accuracy.

Procure-to-pay is about confirming costs of goods and goods received to verify billed amounts, shipment timing, product procurement and more. This involves extracting invoice and payment data across multiple systems. The challenge is that it is extremely tedious extraction, often involving removal of some data but not all. EZFlow fills these gaps by automating AP tasks like vendor record updating, and automatically extracting data from invoices, shipping receipts, purchase orders and more. This improves efficiencies within accounts payable and eliminates overpayments.

Month-end reporting is always particularly hectic. Reconciling bank statements is a fundamental piece of accounting, but it is also an arduous and time-intensive task. Automating the reconciliation process provides round-the-clock performance with perfect accuracy. It also provides a faster and easier way to identify entries that require attention. Now, instead of using valuable team talent on data reconciliation, their time can now be used to develop strategies for rectification and improving the balance sheet in perpetuity.

The single biggest indicator of business growth is financial data. Finance automation software simplifies data by not relying on multitudes of balance sheets. Now, get even more use out of these systems by integrating them with EZFlow, allowing for a 360-degree view of business finances from a single dashboard. Produce powerful business reports and connect specific actions back to their financial impacts—all from one convenient platform.