Financial and Accounting Process Automation
Achieve greater efficiency, improved compliance, and scalability by automating your finance and accounting processes.
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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.
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
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
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
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
Order-to-Cash
- Invoice and communication capture
- Accounts receivable collection posting
- Receivables visibility for stakeholders
- Automated dunning
- Continuous cash flow tracking
- Centralized O2C processing
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
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
Master Data Management
- Complete process automation
- Data checks and consistency
- End-to-end process visibility
- Contextual communication
- Comprehensive auditing
- Integrated data management workflows
Streamlined contract management
Decreased process cycle times by 50%
Improved processing efficiency by 60%
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