The rapidly changing technology ecosystem and transformation SCM has changed the way how the manufacturing industry has traditionally worked. Today, manufacturing has to work with multiple systems, timelines, scheduling, and deliveries.
That is why one of the global leaders in the manufacturing of packaging films engaged RPATech to automate some of the most critical yet highly manual processes to improve efficiency, reduce TAT, reduce the error rate and costs.
ABOUT THE CLIENT
The client is one of the leading manufacturers and suppliers of BOPP films, specialty films, packaging films, laminating films, label films, digital films, and thermal films.
The organization is growing constantly and facing issues with its labor-intensive manual reconciliation process.
Some of the key issues were:
- High volume
- High error rate
- Delayed reconciliation
- High cost
RPATech, after analyzing the issues, proposed Robotic Process Automation to transform the existing labor-intensive manual bank reconciliation process. Once implemented, the solution resulted in end-to-end automation of existing process:
- The bot extracted data from statements received via email (MS-Outlook)
- The bot then downloaded statement from GL maintained in Oracle
- The bot then performs reconciliation
- Success and failure is notified to the respective stakeholders
The bot deployed successfully automated the bank reconciliation with the following benefits:
- AHT reduced by 85%
- Cost reduction by 70%
- 100% on-time reconciliation
- 100% accuracy