Deploy a BOT
Increase Your Output by x20 within 2 Weeks
Deploy BOTs for all repetitive rule-based tasks
Why Valenta?
A Valenta Automation Bot in Action
Functions a BOT Performs for Accounting Firms
- Tax Preparation, Return and Workpaper completion
- SMSF administration (Australia)
- BAS processing (Australia)
- Downloading bank statements (USA)
- End-to-end bookkeeping
- Multi-Channel client communication including follow ups
- Compiling document packs, and updating CRM such as salesforce
- Client services including ERP’s such as NetSuite
- Preparing management reports
- Preparing financial reports
- Accessing various portals
- Corporate administration
- Client packs
Rule Based, Repetitive Tasks
PROCURE TO PAY
- Purchase order entry and delivery
- Vendor verification and set up
- Vendor master data management
- Vendor queries & helpdesk
- Invoice receipt and classification
- Invoice data extraction
- Invoice data entry and interface
- 2 way and 3 way purchase order / invoice / receipt matching
- Non-purchase order invoice coding
- Vendor statement reconciliation
- Accounts payable accrual journal entry
- Expense compliance audit
- Payment processing
ACCOUNTS RECEIVABLE
- Invoice generation
- Invoice matching
- AR Aging
- Matching payments with archived records
- Reconciliations
- Sales order entry
- Customer data set up
- Customer data management
- Billing & invoicing collection activities
- Cash application
- Credit Risk Management
- Dispute verification and resolution
- Chargeback management
GENERAL ACCOUNTING
- Tax Preparation
- Preparing Management Reports
- Preparing Financial Reports
- Accessing various portals
- General ledger and subledger reconciliations
- Bank reconciliations
- Inter-Company reconciliations
- Manual journal entries
- Reclassification of journal entries
- Fixed asset accounting
- Inter-company settlements
- Financial close activities
TAX, TREASURY & COMPLIANCE
- Data aggregation for tax liability
- Convert data to tax basis
- Complete tax return workbooks
- Prepare tax returns
- File tax returns and payments
- Tax accounting entries
TAX, TREASURY & COMPLIANCE
Data Aggregation for report preparations:
- Trial balance and balance sheet
- Profit and Loss
- Cashflow
- Variance analysis
- Management reports
- Statutory / regulatory reports
Case Studies
100% Robotisation
COMPANY
Leading Food Production Manufacturer, UK
OUTCOME
- 6 months to ROI
- 100% accuracy rate
- 82% improvement in processing time
100% Robotisation
COMPANY
Global Logistics, UAE
OUTCOME
- 2 months to ROI
- 90% improvement in processing time
- 10% reduction in manual effort
100% Robotisation
COMPANY
Leading Mining Company, USA
OUTCOME
- 70% improvement in productivity
- 50% reduction in operation costs
75% Robotisation
COMPANY
Retail Group, Saudi Arabia
OUTCOME
- 3 months to ROI
- 60% cost reduction
- 75% faster processing
75% Robotisation
COMPANY
Top 10 Accounting Firm, Australia
OUTCOME
- 100% accuracy
- 25% reduction in manual labour
- 65% improvement in processing time
100% Robotisation
COMPANY
Leading Meat Distributor, Canada
OUTCOME
- 72% improvement in processing time
- 100% reporting accuracy
FAQs
Q : What is a “BOT”?
A : While it sounds a bit “space age” a BOT is simply a quick to build software application that can mimic the way a human interacts with the applications in your environment.
Q : How much time does it take to build a BOT?
A : It is a simple process taking 2 weeks end-to-end, and only requires 2 hours of your time.
Q : What tasks can a BOT do?
A : A bot can perform any task that a human can do on a computer provided “logical rules” can be built. They can access multiple applications to complete an end-to-end process or handoff to a human colleague where a “judgement” is required. This covers a lot of processes!
Q : What’s involved in a BOT project?
A : Valenta make the process simple. We firstly, understand and document your current process in detail. We then advise which elements can be performed by a BOT and provide a solution design document. On sign-off by you we build the BOT for you to test in your environment. For most processes, the project can be completed with only a few hours of input from our client. Once approved the BOT goes “Live” whilst your operators refocus on higher value work!
Q : This sounds expensive. How will the investment in a BOT help my business?
A : Valenta’s model means you can deploy a robot capable of performing multiple processes at 20 times the output of a human operator at a fraction of the cost of a single human.
Quick To Deploy. 2 Weeks to Go Live.
Valenta Robots
Testimonials
We have found Valenta’s services to be very professional, very capable and very timely. As a result, it’s increased our productivity and reduced our bottom line.
We’ve recently started working with Valenta BPO on automation. It’s a piece that we have not approached previously but we feel it’s timely to start dipping our toe in the water. I would have to say the partnership is working really well. We’ve been able to run quite a number of different tests and the results we are getting are very high quality and they are very fast in returning the work to us. But also what we’re finding is it’s very easy to work with Valenta.
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