Financial Archives - Robotiq.ai Solution to Automate Your Business https://robotiq.ai/case-study_cat/financial/ The no-BS solution to automate your business. You’re 15 days away from our software robots handling your repetitive, time-consuming, tedious tasks. Fri, 04 Aug 2023 10:00:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 How Orbico achieved cost and error reduction https://robotiq.ai/case-study/how-orbico-achieved-cost-and-error-reduction/ Fri, 04 Aug 2023 10:00:22 +0000 https://robotiq.ai/?post_type=portfolio&p=2677 2,5x faster process execution

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  • Distribution and logistics of a wide range of consumer goods
  • More than 10.000 employees
  • Logistics network, including 150 warehouses and distribution centers throughout Europe

2,5x
Faster process execution

0
The possibility of potential errors

Challenge

The subject of the solution is the robotization of the process within the Finance & Accounting department.
We automated delivery and posting of daily bank statements and booking of cash payments.
Automated processes connect data in ERP systems, Payments systems and Document Management systems.
The goal is to relieve employees from repetitive and mundane work, achieve cost and error reduction and save time.

Solution

“Implementation of Robot helped us with handling processes with large number of transactions, which were continuing and taking few hours every day to be finished. It definitely save time of our employees and fee up time for more demanding tasks. Robot for now works perfectly, with no errors, as well in post implementation testing period all errors were eliminated very quickly. Collaboration with Robotiq team was great, efficient and concise.”

Dušica Kušic Dizdar
Head of Finance & Accounting

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How BDO saves 220k EUR annualy with RPA https://robotiq.ai/case-study/efficiency-increase-at-bdo/ Fri, 04 Aug 2023 09:52:47 +0000 https://robotiq.ai/?post_type=portfolio&p=2663 67% increase in efficiency at BDO

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BDO is global Tax and Consulting company

  • Financial services
  • HQ in Austria
  • 800 employees
  • 10 locations
  • €245 mil. total assets

“The benefit od using the Robotiq.ai platform was that
it was implemented in a short time frame (6-4 weeks),
it was not intrusive which meant that little
development was required to implement the solution
and the benefits was realized immediately.”

Hannes Oberschmid
Senior Manager

Challenge

BDO Austria accounting department serves more than 3000 active customers. Every month, they have to generate reports from the ERP system and send a monthly tax report to all their clients.
Not to mention how overwhelming and time-consuming this task is. It takes up to 15 minutes to manually generate and email just one report to the customer. As every accountant handles 50-30 clients, it means they lose 1.5-1 days on this task every month. Without a doubt, they could spend this time on more value-adding and creative tasks.

Solution

BDO utilizes Robotiq.ai software robots to handle the whole end-to-end process – from creating reports from the BMD ERP system to creating draft emails for the accountants. For them, we deployed our RPA platform in a hybrid model.
Robots operate unattended and do not interfere with employee operations. Implementation lasted six weeks, and it included platform installation, business analysis, development, testing, and production rollout.

67%
Process efficiency increase

$ 220k
Annual operational savings

0
Errors

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How many timesheets Robotiq fills in for FINA employees now https://robotiq.ai/case-study/timesheets-fina/ Fri, 04 Aug 2023 09:50:11 +0000 https://robotiq.ai/?post_type=portfolio&p=2659 400% increase in process efficiency at FINA.

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FINA is financial government agency providing financial and e-commerce services to public and private sectors.

  • HQ in Croatia
  • Founded in 1954
  • €110 mil.
  • 2.785 employees
  • 195 locations
  • Turnover €245 mil. Total assets

“After presenting the capabilities of Robotiq.ai software robots there was a suspicious part of me. The selected process was complex and challenging. Process analysis and development went smoothly, and in the time frame of 6-8 weeks. The result was beyond my expectations. I have now robots running the boring and demotivating tasks, and more satisfied, highly qualified people that saved their precious time.”

Agneza Margetic, Service director

Challenge

FINA EU funding department governs the EU projects lifecycle for both internal and external clients. For the internal EU projects, there are about 400 fully dedicated employees. The initial project plan contains activities for each project role and is in-depth modified monthly by dividing activities into more tasks. The monthly project plan included projected total working hours per task and per project team member. One of the requirements EU projects administration had is tracking the employee’s daily tasks. That data is collected and stored in different types of excel files. At the beginning of every month, four project managers spent two days (around 64 hours total) consolidating timesheets for the project’s team members for the previous month and modifying the plan for the next month. They could have spent their time on more value-adding and creative tasks.

Solution

FINA utilized Robotiq.ai software robots to handle most parts of the end-to-end process. After optimization and automation, the process that took around 64 hours now executes in a total of 8 hours.
The benefits were:

  • Reduced operating time
  • Higher accuracy without rework
  • The prediction model feature for creating project plans

Robotiq.ai team deployed our platform for FINA in a hybrid model with robots operating unattended. Implementation in total lasted eight weeks.

400%
Process efficiency increase

€50k
Annual operational savings

99.7%
Timesheets generated by robots

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