Audit Management Software System - Process Validation Bots

When we look at the BOT briefly, it covers credit card reconciliation, incorrect invoice authentication, post facto purchase orders, employee master controls, vendor master controls, duplicate invoice processing, delayed cash accounting, and debtors' management. 

BOT will perform a reconciliation between the amount received in the bank statement available in PDF format against the debtor general ledger to identify any discrepancies against NEFT/RTGS transactions. It will check if receipts from customers in the bank accounts have been applied on correct debtor accounts in the ERP and it will verify underlying documents. 

The system will help in improved efficiency thereby achieving ~85% gain, faster processing, TAT improvement, risk reduction, manual effort reduction, and many more benefits. 

BOT downloads bank statements from banking portal & compares with the accounting in SAP followed by performing the reconciliation of amount deposited in the bank against the cash sales made on daily basis

Our approach for automating audit controls consist of categorization of controls, design, development & UAT, automated control factory, and lastly customization & deployment. 

Successful implementation of a solution for the BOT to perform multiple operations, improve employee’s productivity, improve accuracy observed in the work deliverables, 24*7 availability of the BOT