Financial and Accounting Process Automation

Achieve greater efficiency, improved compliance, and scalability by automating your finance and accounting processes.

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 Finance and Accounting Process Automation Software - Finance and Accounting

Finance and Accounting Process Automation Software


Digital transformation is increasingly imperative for finance and accounting-based shared services. Automate your business processes with our finance and accounting solutions including procure-to-pay, order-to-cash, records-to-report, master data management, and fixed assets. Streamline hundreds of processes with billions of transactions to improve productivity, achieve faster turnaround times, and guarantee a “first time right” approach.

Solutions for Finance and Accounting

Finance and Accounting

Accounts Payable

  • Touchless processing of vendor invoices
  • Accurate information extraction from invoices while ensuring continuous learning
  • Efficient processing of non-POs using suggestive coding
  • Predictive analytics and visual dashboards for real-time visibility
  • Automated smart rules integrated with AI for real-time prescriptive decisions
  • Improved payment lifecycle for vendors and partners

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Finance and Accounting

Accounts Receivable

  • Real-time visibility into different customer accounts, invoice status, actions, and performance
  • Automated fraud detection and prevention
  • Improvements in working capital and better transparency into cash flows
  • Real-time response across channels with built-in automated communication management
  • Intelligent translation of individual data points into trends and analytics for users’ plans for the future and forecast payers’ behavior

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Finance and Accounting

General Ledger

  • Centralized transactions across multiple business entities in real time
  • Automated general ledger entries to predefined books or to multiple books simultaneously
  • Auto-scheduled recurring and reversing entries, thereby saving significant time
  • Complete management of fixed asset data, from approval to disposal
  • Alerts, reminders, and notifications to accountants in case of reconciliation discrepancies

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Finance and Accounting

Procure-to-Pay

  • RFP comparison and evaluation
  • Self-service vendor portal
  • Omnichannel processing
  • Holistic view of underlying workflows
  • Intelligent document management
  • Unified systems and processes

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Finance and Accounting

Order-to-Cash

  • Invoice and communication capture
  • Accounts receivable collection posting
  • Receivables visibility for stakeholders
  • Automated dunning
  • Continuous cash flow tracking
  • Centralized O2C processing

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Finance and Accounting

Record-to-Report

  • Transaction and report scheduling
  • Journal entry upload
  • End-to-end activity tracking
  • Unified comprehensive interface
  • Exception handling and auditing
  • Continuous monitoring and alerts

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Finance and Accounting

Fixed Asset

  • Digitized asset management
  • Asset Acquisition and Commissioning
  • Asset Audit, Transfer, and Disposal
  • Configurable, Rule-driven Checklists and Alerts
  • End-to-end Visibility into Asset Status

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Finance and Accounting

Master Data Management

  • Complete process automation
  • Data checks and consistency
  • End-to-end process visibility
  • Contextual communication
  • Comprehensive auditing
  • Integrated data management workflows

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Success Stories

Streamlined contract management - Finance and Accounting
Streamlined contract management
The US-based multinational corporation had a manual process of creating and managing contracts and no centralized...
Decreased process cycle times by 50% - Finance and Accounting
Decreased process cycle times by 50%
The client, a privately-held Dubai-based conglomerate, leveraged Newgen’s robotic process management suite to automate...
Improved processing efficiency by 60% - Finance and Accounting
Improved processing efficiency by 60%
A global alcoholic beverage manufacturer streamlines their accounts payable and receivable processes to reduce...

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Brochure: Newgen for Transforming Finance and Accounting Processes

Brochure

Newgen for Transforming Finance and Accounting Processes

Ensure end-to-end processing of financial data by using in-built intelligent and analytical capabilities, make strategic ...

eBook: 5 Technology Trends for Shared Services Centers 2022

eBook

5 Technology Trends for Shared Services Centers 2022

Download this eBook to gain insights into the five technology trends to look out for ...

eBook: Why NewgenONE Platform for Automating Accounts Payable Process

eBook

Why NewgenONE Platform for Automating Accounts Payable...

Accounts payable is a people, process, and document-intensive function. Using traditional ways of managing accounts ...

Whitepaper: Modernizing and Optimizing the Financial Close Process

Whitepaper

Modernizing and Optimizing the Financial Close Process

Read this whitepaper to understand how CFOs and finance leaders, like you, can bring about ...