Streamlining Financial Transactions for a Leading Freight Company in Saudi Arabia with Bautomate RPA

Streamlining Financial Transactions for a Leading Freight Company in Saudi Arabia with Bautomate RPA

The client is a prominent freight company based out of Saudi Arabia, specializing in logistics and freight forwarding services across the globe. With a workforce exceeding 3,500 employees and managing over 12,000 transactions monthly, the company has established itself as a leader in the logistics sector. However, the manual handling of financial transactions, particularly journal vouchers, was becoming a significant bottleneck, affecting financial efficiency.

Business Challenges

The Saudi Arabian client faced challenges in their financial accounting operations, including volume and complexity of 15,000 journal voucher transactions, 5% error rate, time-consuming approvals, and lack of real-time tracking, causing communication gaps and delays.

Bautomate’s Solutions

The Bautomate RPA solution was designed to streamline the process of obtaining journal vouchers. It included automated download and processing, data extraction, validation, emailing, uploading to the general ledger, and notification and storage. The bots used OCR technology to extract data from various sources, reducing manual errors and ensuring high accuracy. The system also automatically sends notifications to the submitter about the voucher status.

Impacts

Increase in Efficiency with Reduced Processing Time
0 %
Annual Cost Savings
$ 0
Reduced Error Rate in Transactions
0 %

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    Discover how we transformed financial transaction management for a leading freight company with our cutting-edge RPA solution.

    Recommendations

    Encouraged by the success of implementing the Bautomate RPA solution for journal voucher processing, the client is considering extending RPA to other areas, including:

    • Invoice Processing: Automating the accounts payable process to streamline invoice handling.
    • Customer Onboarding: Applying RPA for faster and more accurate onboarding of new clients.
    • Inventory Management: Utilizing RPA to manage inventory levels, reorder processes, and track shipments in real-time.

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